IFC Invests $50 Million in Gujarat Fluorochemicals’ EV Subsidiary.

Gujarat Fluorochemicals (GFL) on Friday announced that the International Finance Corporation (IFC) will invest about $50 million in its subsidiary, GFCL EV Products (GFCL EV), through compulsorily convertible instruments to support the creation of India’s first integrated battery materials facility.

The investment is expected to boost high-value manufacturing, generate employment, strengthen India’s role in global supply chains, and advance key national goals related to energy security, transport electrification and domestic value creation.

With a diversified portfolio of battery materials and established technical capabilities, GFCL EV aims to bolster India’s position as a competitive player in the global battery-materials ecosystem. Backed by a focus on innovation and sustainability, the company plans to accelerate clean-technology adoption, reduce emissions and contribute to India’s ambition of becoming a global hub for advanced battery materials.