GFCL EV Products Limited

GFCL EV Products Limited is a wholly owned subsidiary of Gujarat Fluorochemicals (GFL), part of the INOXGFL Group — an Indian conglomerate with a chemicals and renewable-energy history stretching back more than nine decades. The company manufactures critical intermediate materials used in lithium-ion batteries, with a vertically integrated setup covering LiPF and NaPF electrolyte salts, specialised electrolyte additives, electrolyte formulations, LFP cathode active materials, and high-performance polymer binders such as PVDF and PTFE. With the global EV and energy-storage markets scaling up, GFCL EV Products has laid out plans to invest roughly ₹6,000 crore (about US$720 million) over four to five years to take its manufacturing capacity to close to 200 GWh a year. As of December 2023, around ₹650 crore of that expansion spend had already been committed.