{
Bir Kapoor

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Gujarat Fluorochem's EV arm secures 1000 crore for expansion plans
Gujarat Fluorochemicals' EV arm, GFCL EV, has successfully raised Rs 1,000 crore at an equity valuation of approximately Rs 25,000 crore, with backing from prominent investors including the INOXGFL Group. The funds will support capacity expansion and leverage global opportunities in the electric vehicle and energy storage sectors. GFCL EV aims to commence commercial sales by the fourth quarter of this year, positioning itself as a key supplier for major automotive OEMs.
Moneycontrol
Indian Rupee Gujarat Fluorochemicals Limited IND Bir Kapoor Devansh Jain
Finance & Economy, Press Release
04:50 23.10.2024
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