Why IFC Just Invested $50 Million in Gujarat Fluorochemicals — And What It Means for India’s Energy Race
On December 5, 2025, the International Finance Corporation (IFC) invested $50 million in GFCL EV Products Ltd. This company is a fully owned subsidiary of Gujarat Fluorochemicals Ltd (GFL). The money will be used to build India’s first fully integrated battery-materials plant in Dahej, Gujarat. The new facility will make key EV materials like high-purity…
