{
Gfcl EV Products Ltd.

Companies

}
001122334455554433221100
001122334455554433221100

GFCL EV plans additional funding to expand lithium-ion battery materials production

GFCL EV, a subsidiary of Gujarat Fluorochemicals, is set to raise additional funds following a recent Rs 1,000 crore investment from family offices and other investors. The company, which focuses on manufacturing critical materials for lithium-ion batteries, aims for a 7% share in the global electric battery chemicals market. Promoters have already invested Rs 1,500 crore in equity and plan to support future growth through external funding rather than internal accruals.
Moneycontrol
Gfcl EV Products Ltd. INOXGFL Group IND Devansh Jain
Finance & Economy, Press Release
09:00 23.10.2024
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