HEG Limited has informed the Exchange regarding a press release dated February 24, 2026, titled "Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Update on Wholly Owned Subsidiary".
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Awaiting price reaction for this filing.
HEG's wholly owned subsidiary TACC Limited has signed a long-term partnership with INOX Air Products (INOXAP) for nitrogen supply at its upcoming greenfield manufacturing facility in Dewas, Madhya Pradesh. INOXAP will build, own, and operate a dedicated onsite nitrogen plant to support TACC's production of lithium-ion battery-grade graphite anode material. The facility is being set up to manufacture advanced carbon materials, including synthetic graphite for electric vehicles and energy storage systems, as well as graphene-based derivatives. No specific deal value or financial terms have been disclosed. The partnership secures a critical, high-purity input for TACC's operations.
This is a positive step confirming execution progress on TACC's Dewas greenfield project, which is key to HEG's diversification into battery-grade materials for EVs and energy storage. The long-term supply tie-up de-risks a key operational input, but since no financial details were shared, the near-term stock impact is likely to be limited.