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GFCL EV division raises ₹1,000 crore to expand battery materials production

Oct 27, 2024•over 1 year ago

Contract Type

partnership

ManufacturingEnergyRenewable Energy

Description

Gujarat Fluorochemicals Limited (GFCL) has secured ₹1,000 crore for its electric vehicle (EV) battery materials subsidiary, GFCL EV Products, to drive expansion in the high-growth battery and energy storage market. The capital infusion values GFCL EV Products at ₹25,000 crore, supporting the company’s capital expenditure as it scales operations to meet the expanding global demand for EV and energy storage system (ESS) solutions.

Company Information

Company

GFL Limited

About

GFL Limited is a prominent infrastructure development company focused on providing innovative solutions in various sectors. The company is committed to sustainability and enhancing the communities it serves. GFL is known for its strategic mergers and acquisitions to strengthen its market position.

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