GFCL EV Raises USD 80 Mn Following USD 50 Mn IFC Investment

01 Apr 2026 CW Team

GFCL EV’s integrated manufacturing facility in India offers battery chemicals including electrolyte salt LiPF6, formulations and additives, as well as cathode active materials such as lithium iron phosphate and binders including PVDF and PTFE. The operation is reported to be backward integrated into key raw materials, enabling control over supply chains and supporting scale up of advanced materials production. Company representatives noted that the product range is aimed at both electric vehicle and energy storage system markets.

Barclays acted as exclusive financial adviser to GFCL EV on the transaction, which follows earlier engagement with development finance institutions. GFL is described as India’s leading producer of fluoropolymers, fluorochemicals and battery materials, with three units in Gujarat and an integrated facility at Dahej. The group also maintains offices and warehouses in Europe, the United States and the Middle East and operates a captive fluorspar mine in Morocco. Executives characterised the funding as a step towards reducing emissions and accelerating adoption of clean technologies.

Company executives indicated the capital will enable scaling of manufacturing capacity for advanced battery materials, strengthen the company’s standing in global value chains and support local value creation. They said the partnership with IFC and the investor is intended to generate long term sustainable value for shareholders while contributing to national priorities on energy security and transport electrification. The firm said it will focus on deploying funds to expand output, enhance sustainability and create employment in related manufacturing segments.

GFCL EV Products Ltd. (GFCL EV), a subsidiary of Gujarat Fluorochemicals Limited (GFL), announced capital raising of USD 80 mn in addition to USD 50 mn secured from the International Finance Corporation (IFC). The funds are intended to drive high-value manufacturing, create jobs, strengthen position in global supply chains and advance energy security and transport electrification. GFL, part of the USD 18 bn INOXGFL Group, said it will increase investment in battery materials to support India’s energy transition. The company indicated the total capital in this round amounts to USD 130 mn. GFCL EV’s integrated manufacturing facility in India offers battery chemicals including electrolyte salt LiPF6, formulations and additives, as well as cathode active materials such as lithium iron phosphate and binders including PVDF and PTFE. The operation is reported to be backward integrated into key raw materials, enabling control over supply chains and supporting scale up of advanced materials production. Company representatives noted that the product range is aimed at both electric vehicle and energy storage system markets. Barclays acted as exclusive financial adviser to GFCL EV on the transaction, which follows earlier engagement with development finance institutions. GFL is described as India’s leading producer of fluoropolymers, fluorochemicals and battery materials, with three units in Gujarat and an integrated facility at Dahej. The group also maintains offices and warehouses in Europe, the United States and the Middle East and operates a captive fluorspar mine in Morocco. Executives characterised the funding as a step towards reducing emissions and accelerating adoption of clean technologies. Company executives indicated the capital will enable scaling of manufacturing capacity for advanced battery materials, strengthen the company’s standing in global value chains and support local value creation. They said the partnership with IFC and the investor is intended to generate long term sustainable value for shareholders while contributing to national priorities on energy security and transport electrification. The firm said it will focus on deploying funds to expand output, enhance sustainability and create employment in related manufacturing segments.

Real Estate

01 Apr 2026

Top White Tiles Texture Designs for Elegant Interiors

White interiors are often associated with simplicity, elegance, and timeless design. In many homes, white tiles help create this refined look because they reflect light and blend easily with different décor styles. Used in living rooms, kitchens, or bathrooms, they keep spaces feeling bright and open. Adding the right wall tile texture can introduce subtle depth and visual interest without overpowering the design. From soft finishes to gentle patterns, textured white tiles help create interiors that feel calm, balanced, and elegant.Why White Tile Textures Are Popular in Interior Design?One of..

Resources

01 Apr 2026

Brookfield India REIT Appoints Shashank Jain As CEO

Brookfield India Real Estate Trust (BIRET) has appointed Shashank Jain as Chief Executive Officer and Managing Director of the Manager of the REIT, effective July 1, 2026. Alok Aggarwal will continue in his role until June 30, 2026.Jain joins from PwC India, where he co-led the deals practice, and brings over 25 years of experience across real estate, private equity and mergers and acquisitions advisory.Ankur Gupta, Head of APAC and Middle East Real Estate at Brookfield Asset Management and Chairman on the Board of the Manager of BIRET, said, “Alok has been at the forefront of helping us bui..

Resources

01 Apr 2026

Captain Steel Launches TVC To Promote TMT Awareness

Captain Steel has launched a new television commercial aimed at educating consumers on the role of TMT rebars in ensuring structural strength, as part of a broader effort to address awareness gaps in the category.The campaign positions TMT rebars alongside cement, highlighting their complementary roles in construction—cement managing compressive load and rebars bearing tensile load. It urges homebuilders to apply equal consideration while selecting both materials.Featuring brand ambassador Sourav Ganguly and actor Parambrata Chattopadhyay, the film draws attention to consumer behaviour in ma..