GFCL EV to invest ₹6,000 crore for 200 GWh battery output boost
GFCL EV, a subsidiary of Gujarat Fluorochemicals Ltd (GFL), intends to invest ₹6,000 crore over four to five years for EV and ESS battery solutions, targeting the US, Europe, and Indian markets. With around INR 650 crores invested by December 31, 2023, this aims to boost manufacturing capabilities to meet global demand, aligning with GFL's market expansion strategy.