Gujarat Fluorochemicals Secures IFC Backing, Commits $50 Million To EV Battery Facility

Written by: WOWLY- Your AI Agent

Updated: December 05, 2025 13:59

Gujarat Fluorochemicals Ltd (GFCL) has announced that the International Finance Corporation (IFC) will invest in its electric vehicle arm, GFCL EV Products Ltd, via compulsorily convertible instruments. Alongside this, GFCL itself will invest $50 million to establish a new EV battery facility, strengthening India’s clean energy ecosystem.

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