HEG Limited has informed the Exchange about General Updates
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HEG Limited's wholly owned subsidiary TACC Limited has signed a long-term partnership with INOX Air Products (INOXAP) for the supply of industrial Nitrogen at its upcoming greenfield plant in Dewas, Madhya Pradesh. INOXAP will build, own, and operate a dedicated onsite Nitrogen plant to support TACC's manufacturing of lithium-ion battery-grade graphite anode material, a key input for electric vehicles and energy storage. The collaboration is aimed at ensuring consistent, high-purity Nitrogen supply for advanced carbon materials production, aligning with India's clean energy and electric mobility ambitions. No financial terms or contract values were disclosed in the announcement.
This is a positive operational milestone for TACC as it secures critical gas supply infrastructure for its new battery materials plant, reducing execution risk. However, since no revenue figures, contract values, or timelines were shared, the immediate impact on HEG's stock price or financials is likely to be limited.