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NSE:GFCL 7 December 2025

IFC’s $50 Million Bet on Gujarat Fluorochemicals to Build India’s First Integrated Battery Materials Plant

IFC’s $50 Million Bet on Gujarat Fluorochemicals to Build India’s First Integrated Battery Materials Plant

The International Finance Corporation will invest about US$50 million in GFCL EV Products Ltd to build India’s first fully integrated battery materials plant at Jolva, Gujarat. GFCL EV has commissioned its LFP cathode materials facility and plans to begin commercial sales of lithium hexafluorophosphate soon. The project aims to localize the lithium-ion battery value chain and reduce reliance on imported materials.
7 December 2025

Stock Market Today

  • Corn Futures Fall Ahead of Weekend as Export Sales and Trading Data Emerge
    March 20, 2026, 8:47 PM EDT. Corn futures slipped late Friday, with May contracts down 1 ¾ cents this week and the national average cash corn price falling 4 cents to $4.23 3/4. The Commodity Futures Trading Commission's report showed managed money increased net long positions by 35,533 contracts, reaching 228,804, while commercial traders added to net shorts amid rising producer selling. Export sales rose to 67.658 million metric tons, 30% above last year, nearing USDA's 82% average pace, with shipments ahead at 52% of USDA's forecast. Nearby cash corn closed at $4.23 3/4, reflecting ongoing market adjustments as export commitments strengthen but prices face downward pressure.
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