Gujarat Fluorochemicals Limited — Updates, 23-10-2024: Press Release

GFCL's subsidiary, GFCL EV Products Ltd., has successfully raised Rs 1,000 crores, achieving an equity valuation of approximately Rs 25,000 crores. The funding, led by INOXGFL Group and notable investors, will support the company’s expansion in the electric vehicle and energy storage systems market. GFCL EV aims to become a key player in the global battery materials industry, anticipating significant growth opportunities amid a rising demand for EV-related products.