Gujarat Fluorochemicals, has invested Rs 6000 crore in EV battery solutions over the next 4-5 years, with an annual supply of about 200 GWh of EV and energy storage system battery solutions.
The press announcement stated that Rs 650 crore had already been invested as of December 31, last year.
According to the statement, GFCL EV is positioned to reach high-demand countries such as the United States, Europe, and India, and has already begun long-term partnerships with clients.
Bir Kapoor, CEO and Deputy Managing Director, Gujarat Fluorochemicals, part of INOXGFL group, said, “With GFCL EV, we are well-positioned to contribute significantly to the evolving landscape of energy transition driven by EV/ESS. Backed by GFL’s experience and an integrated value chain, GFCL EV will have synergistic and competitive advantages towards developing cutting-edge solutions.”