HEG Advanced Materials Limited (HEGAM) announced today the signing of a non-binding Memorandum of Understanding (MoU) with a global lithium-ion cell manufacturer for a proposed long-term supply of up to 40,000 tonnes of synthetic graphite-based Anode Active Material (AAM) for electric mobility applications. Under the terms of the MoU, the two companies will work towards a progressive supply arrangement subject to further discussions and finalization of technical and commercial requirements of both parties, with built-in scope for further scale-up as the Partner’s cell manufacturing capacity expands. Beyond material supply, the MoU sets down the in-principle discussion to explore research and custom material development, focused on advanced anode formulations designed to enable faster charging and higher energy density – two of the critical performance levers for next-generation electric vehicles.

Strategic Collaboration

Commenting on the development, Mr. Riju Jhunjhunwala, Chairman, TACC Limited, said: ‘We have long understood graphite, and this partnership reflects the trust that global leaders are placing in our capabilities. It marks a significant step in our commitment to the global energy transition and to building a resilient, globally competitive battery materials value chain.’ Mr. Ankur Khaitan, MD & CEO, TACC Limited, added: ‘This partnership is a strong endorsement of our capabilities, and our focus now is on turning shared intent into execution. We are committed to developing next-generation anode materials, driven by innovation and delivered with the consistency and quality that our partner expects.’

Future Prospects

The collaboration aims to leverage TACC Limited’s strong in-house R&D and manufacturing capabilities to serve a wide range of high-impact industrial applications. As part of the agreement, TACC will produce 20,000 MT of anode active material (AAM) annually, with committed expansion of 44,000 MT catering to global cell manufacturers. This strategic move positions HEG Advanced Materials Limited as a key player in the advanced battery materials market, driving innovation and meeting the evolving needs of the global energy storage ecosystem.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of HEG Advanced Materials Limited

HEG Advanced Materials Limited. Here’s a quick read on where the business and the stock stand today.

Symbol HEGAM not found in TradeAlone database.

Bhopal, November 11, 2026: HEG Advanced Materials Limited (HEGAM) has received an approval letter for an incentive of Rs 609.50 crore under the Electronics Component Manufacturing Scheme (ECMS) from the Ministry of Electronics and Information Technology (MeitY), Government of India. The incentive is for TACC’s Synthetic Graphite Anode Material project in Dewas, Madhya Pradesh, marking a significant step towards building a Made-in-India battery supply chain.

Strategic Investment in Battery Materials

The 100+ acre plant in Dewas is set to produce 20,000 tonnes annually in phase one, starting from June 2027, with plans to expand to 30,000 metric tonnes per annum by FY2028-29. This initiative is crucial for establishing a resilient and competitive battery materials value chain in India, aligning with the government’s vision for a strong electronics component manufacturing base.

Commitment to Innovation and Expansion

Mr. Riju Jhunjhunwala, Chairman, Managing Director and CEO of HEG Advanced Materials Limited, expressed gratitude towards the government for the support, emphasizing the importance of producing anode material at scale in India. He stated, ‘The approval under ECMS is a strong endorsement of TACC’s technology and our belief in building a globally competitive battery materials value chain at home.’ The project is also a testament to HEG’s commitment to innovation and expansion in advanced energy storage solutions.

As a result, HEG Advanced Materials Limited is poised to significantly contribute to India’s advanced energy storage ecosystem, ensuring a secure and resilient energy supply chain for both domestic and international markets.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of HEG Advanced Materials Limited

HEG Advanced Materials Limited. Here’s a quick read on where the business and the stock stand today.

Symbol HEGAM not found in TradeAlone database.

HEG Advanced Materials Limited (NSE: HEGAM) announced its financial results for the quarter and half year ended 30 September 2026. For H1 FY27, consolidated revenue from continuing operations stood at ₹725.80 crore and total income at ₹870.77 crore, with EBITDA of ₹438 crore and profit after tax of ₹269.07 crore. The company reported consolidated revenue from continuing operations of ₹429.94 crore, total income of ₹546.59 crore, EBITDA of ₹312.78 crore and profit after tax of ₹208.89 crore for Q2 FY27.

Financial Performance

The company’s consolidated cash and bank balances stood at ₹1322.84 crore as on 30 September 2026. The financial results reflect the company’s strong focus on research and development, proprietary technologies, and creating differentiated, scalable businesses across anode materials, graphene, battery energy storage, and green power.

Expansion Plans

The board approved the expansion of the current 20,000 MT capacity anode plant to 44,000 MT at a capex of INR 1606 Cr. The expansion is planned to be completed by March 2029. The company is also focusing on backward integration and cost optimization with the anode plant, with a capex of INR 475 Cr. Additionally, the board approved a graphene project of 500 MTPA at a capex of INR 500 Cr.

As a result, the company is well-positioned to meet the growing demand for advanced materials and to deliver sustainable returns for its shareholders over the long term.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of HEG Advanced Materials Limited

HEG Advanced Materials Limited. Here’s a quick read on where the business and the stock stand today.

Symbol HEGAM not found in TradeAlone database.