The Advanced Carbons Company (TACC), a part of LNJ Bhilwara Group, has secured a credit facility of ₹12.3 billion (~$139.93 billion) from the State Bank of India (SBI) to finance its upcoming lithium-ion battery-grade graphite anode material manufacturing plant in Dewas, Madhya Pradesh.

In its first phase, TACC plans to produce 20,000 metric tons (MT) of active anode materials annually, with a planned scale-up to 100,000 MT. In parallel, the company is also advancing the commercial production of graphene and its derivatives, targeting over 4,000 MT annually.

Once operational, the Dewas plant will supply graphite anodes needed for electric vehicle batteries and utility-scale energy storage systems.

Graphite anode material is a key component of lithium-ion batteries. Establishing local manufacturing capability for this critical material, according to TACC,  directly contributes to the Indian government’s Atma Nirbhar Bharat mission, significantly reducing dependence on imports for essential clean energy technologies.

TACC is focused on the advanced materials sector, specializing in synthetic graphite and next-generation carbon materials. In addition to the large-scale anode facility, TACC is also engaged in developing hard carbon for sodium-ion batteries and exploring other sophisticated materials like graphene derivatives.

The demand for active anode materials is set to rise in India, with most renewable energy projects incorporating energy storage systems to meet peak demand and ensure grid stability. Strong policy support, including the second tranche of the viability gap funding program and the Central Electricity Authority’s mandate to include co-located storage in all solar tenders with a minimum duration of two hours, equal to 10% of solar capacity, is helping to accelerate the adoption of energy storage.

Corporate funding for energy storage companies amounted to $9.1 billion across 55 deals in the first half (1H) of 2025, according to Mercom Capital Group’s 1H and Q2 2025 Funding and M&A Report for Energy Storage.