International Finance Corporation (IFC) commits $50 million to GFCL EV Products Ltd for India’s first integrated battery-materials plant.

Key facts

• International Finance Corporation (IFC) commits about $50 million to GFCL EV Products Ltd, a subsidiary of Gujarat Fluorochemicals Ltd (GFL).
• The investment will support large-scale production of lithium hexafluorophosphate (LiPF6), electrolyte formulations, lithium iron phosphate (LFP) cathode materials, and PVDF/PTFE binders.
• The greenfield facility is located at Jolva near Bharuch in Gujarat.