Gujarat Fluorochemicals (GFL) have entered into a partnership with the International Finance Corporation (IFC), a member of the World Bank Group (WBG). IFC is investing around $50 million in GFL’s subsidiary GFCL EV Products (GFCL EV) through the subscription of compulsorily convertible instruments to build India’s first integrated battery materials facility. It will drive high-value manufacturing, create jobs, strengthen India’s position in global supply chains, and advance national priorities of energy security, transport electrification, and local value creation.
With diversified battery materials offerings and strong credentials, GFCL EV aims to reinforce India’s emergence as a competitive player in the global battery-materials value chain. Grounded in innovation and sustainability, the company will accelerate clean-technology adoption, lower emissions, and support India’s ambition to become a global hub for advanced battery materials.
Gujarat Fluorochemicals is engaged in manufacturing and trading of refrigerant gases, caustic soda, chloromethane, polytetrafluoroethylene (PTFE), fluoropolymers, fluoromonomers, specialty fluorointermediates, specialty chemicals and allied activities.
