HEG Advanced Materials shares gained around 5% on Wednesday, 11 November 2026, touching an intraday high of Rs 305 on the NSE. 

The rise followed an approval for Rs 609.50 crore in government incentives for its wholly owned subsidiary, TACC Limited, under the Electronics Component Manufacturing Scheme (ECMS).

The incentive covers TACC’s synthetic graphite anode material project at Sirsoda Industrial Area in Dewas, Madhya Pradesh. The approval is subject to scheme guidelines and prescribed conditions.

Spread across more than 100 acres, the facility will manufacture synthetic graphite anode material, a key component of lithium ion batteries used in electric vehicles and energy storage systems.

TACC plans to commission the first phase, with an annual capacity of 20,000 metric tonnes, by June 2027. It aims to increase the facility’s committed capacity to more than 30,000 metric tonnes per year by FY 2028 to 29.

The ECMS aims to encourage domestic electronics component manufacturing and strengthen India’s role in global supply chains. The incentive could support TACC’s project execution and help build local production capacity for an important battery material.

India’s battery industry is expanding alongside electric mobility and renewable energy storage. However, dependence on imported materials remains a challenge. Domestic production of synthetic graphite anode material could reduce reliance on overseas suppliers and support a more resilient supply chain for battery manufacturers.

The approval is an important step in HEG Advanced Materials’ expansion into battery materials. Investors will now monitor construction, commissioning and the company’s ability to secure customers. 

The project’s eventual contribution will depend on timely execution, product quality and demand from domestic and international battery manufacturers.

At 12:51 pm, the shares of HEG Advanced Materials were trading 0.17% higher at Rs 289.67 on NSE.

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