Gujarat Fluorochemicals Limited (FLUOROCHEM) — Announcement Announcement
Gujarat Fluorochemicals' subsidiary GFCL EV raised **USD 80 million** from a global marquee investor, adding to **USD 50 million** previously secured from IFC (World Bank Group member). Total capital raise of **USD 130 million** will fund manufacturing capacity expansion for advanced battery materials including electrolyte salts, cathode active materials, and binders. This positions GFCL EV to strengthen India's position in global battery supply chains while supporting energy transition and local value creation.
📄 View Original Announcement (PDF)
About Gujarat Fluorochemicals Limited (FLUOROCHEM)
Chemicals · Chemicals & Petrochemicals · Listed on NSE
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