Battery | December 05, 2025
IFC invests $50 million in Gujarat Fluorochemical's battery materials facility
This funding will support the construction of India's first integrated battery materials manufacturing facility
This funding will support the construction of India's first integrated battery materials manufacturing facility
Aims to raise Rs 6,000 crore in IPO
The merger will result in a stronger and more financially robust merged balance sheet, resulting in substantial reduction in IWL's liabilities, by ~ Rs 2,050 crore
First solar module manufacturing unit with initial capacity of 1.2 GW in Gujarat expected to be operational by March 2025
The funds will be utilized for the capex requirements of the company as it scales up to capitalize on the large-scale global opportunities in EV / ESS space
With the corporate guarantees falling off, the contingent liabilities shall reduce substantially, which will further strengthen GFL’s balance sheet
With this arrangement, any prior corporate guarantees or other such support extended to Inox Wind by Gujarat Fluorochemicals stands vacated / to be vacated in the near future
The capital raise witnessed participation by marquee investors, including Akash Bhansali, Rohit Kothari, and Madhusudan Kela, through their respective entities
Making it the one of the few companies globally to be able to offer a comprehensive range of products for EV/ESS batteries under one roof
Previously, he was associated with Welspun for nearly 2 decades
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