IFC invests in India’s first integrated battery materials facility
The International Finance Corporation has invested about 50 million dollars in GFCL EV Products Limited, a subsidiary of Gujarat Fluorochemicals Limited. The investment has been made through compulsorily convertible instruments and will support the development of India’s first fully integrated battery materials facility in Noida. GFCL EV Products Limited was founded in 2021 and is based in Gujarat. It is part of the INOX and Gujarat Fluorochemicals Limited Group. The company manufactures advanced battery chemicals…
