Graphite electrode manufacturer HEG Ltd on Tuesday announced that its wholly-owned subsidiary TACC Ltd has entered into a long-term partnership with INOX Air Products Private Ltd for the supply of nitrogen to its upcoming manufacturing facility in Madhya Pradesh.
Dedicated Nitrogen Plant to Be Set Up at Dewas Greenfield Facility
Under the agreement, INOX Air Products Private Ltd will establish a dedicated on-site nitrogen plant at TACC’s greenfield manufacturing facility in Dewas. The facility is being developed to produce lithium-ion battery-grade graphite anode material.The nitrogen plant will be set up on a Build, Own and Operate model. The arrangement is designed to ensure a consistent, safe, and high-purity nitrogen supply aligned with TACC’s manufacturing requirements.
Nitrogen plays a critical role in the production of battery-grade graphite, where precision and purity are essential to meet global quality standards.
Focus on Advanced Carbon Materials and Clean Energy Supply Chain
TACC operates in the advanced carbon materials segment and develops battery-grade synthetic graphite anode materials for electric vehicles and energy storage systems. In addition to graphite anodes, the company is also advancing graphene-based derivatives for applications across construction, textiles, paints, and other industrial sectors.Commenting on the partnership, Diganta Sarma, Head of Business Development and Strategy at INOX Air Products, said the agreement reflects alignment in sustainability and ambition, and strengthens operational capabilities to support high-performance materials essential for electric mobility, energy storage, and clean energy transition.
Ankur Khaitan, Managing Director and CEO of TACC, stated that manufacturing battery-grade graphite requires precision, purity, and reliability. He said the partnership ensures dependable access to high-purity nitrogen, which is critical to achieving global standards at scale and strengthening India’s advanced materials ecosystem.
HEG Share Price Movement
Shares of HEG Ltd ended at ₹564.70 on the BSE, rising ₹10.05 or 1.81 per cent in Tuesday’s trade.The development comes as HEG continues to expand its presence beyond graphite electrodes into advanced materials aligned with India’s clean energy and electric mobility ambitions.
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