Graphite electrode maker HEG Ltd on Tuesday (February 24) said its wholly owned subsidiary, TACC Ltd, has entered into a long-term partnership with INOX Air Products Private Ltd (INOXAP), for the supply of nitrogen.

Under the agreement, INOXAP will set up a dedicated onsite nitrogen plant at TACC’s upcoming greenfield manufacturing facility in Dewas, Madhya Pradesh. The facility will produce lithium-ion battery-grade graphite anode material.

INOXAP will establish the nitrogen plant on a Build, Own and Operate basis. The arrangement is aimed at ensuring a consistent, safe and high-purity nitrogen supply aligned with TACC’s manufacturing requirements.

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Diganta Sarma, Head – Business Development & Strategy, INOX Air Products said, “TACC stands at the forefront of advanced carbon materials, and this partnership reflects a strong alignment of purpose, sustainability and ambition.

This long-term agreement reinforces our expertise and operational capabilities in enabling the production of high-performance materials that are critical to India’s growth in electric mobility, energy storage, and the broader clean energy transition.”

TACC operates in advanced carbon materials and develops battery-grade synthetic graphite anode materials for electric vehicles and energy storage systems. The company is also advancing graphene-based derivatives for applications across construction, textiles, paints and other industrial segments.

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Ankur Khaitan, Managing Director and CEO, TACC, said, “Manufacturing battery-grade graphite demands precision, purity and reliability. Our partnership with INOXAP ensures a dependable, high-purity nitrogen supply that is critical to achieving global standards at scale. Together, we aim to strengthen India’s advanced materials ecosystem and support the nation’s clean energy and electric mobility ambitions.”

TACC Ltd is a key player in the advanced materials sector, with a strong focus on synthetic graphite and next-generation carbon materials. Shares of HEG Ltd ended at ₹564.70, up by ₹10.05, or 1.81%, on the BSE.