The International Finance Corporation, through its Gujarat operations (IFC Gujarat), has committed 50 US$-Million to GFCL EV Products Ltd, a subsidiary of Gujarat Fluorochemicals Ltd (GFL). This investment will help establish India’s first fully integrated battery-materials facility at Jolva near Bharuch. It is structured through compulsorily convertible instruments and shows confidence in GFL’s integrated model. It also supports the company’s expansion into advanced battery materials.
Additionally, the greenfield plant will produce LiPF6, electrolyte formulations, LFP cathode materials, and PVDF/PTFE binders for EVs and energy-storage systems. The facility is located near Bharuch and is expected to strengthen domestic supply chains. It will also reduce import dependence and position India as a competitive player in the global battery materials market. Barclays served as the financial advisor to GFCL EV for this investment.
Also Read: Upcoming HFWD PIU Super Speciality Hospital, Jamnagar
Furthermore, this strategic collaboration positions GFCL EV as a leader in sustainable and advanced battery solutions. The new facility will enable large-scale manufacturing and strengthen local supply chains. It will also create a strong foundation for India’s growing EV ecosystem. This project by IFC in Gujarat further highlights a strong commitment to clean energy, innovation, and long-term industrial growth.
Biltrax Construction Data is tracking 37,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
