IFC’s $50 Million Bet on GFCL EV: How India’s First Integrated Battery Materials Plant Could Rewire the EV Supply Chain
New Delhi/Ahmedabad, December 6, 2025 — The International Finance Corporation, the World Bank Group’s private-sector arm, has committed around US$50 million to GFCL EV Products Limited, a subsidiary of Gujarat Fluorochemicals Limited, to build India’s first fully integrated battery‑materials manufacturing facility at Jolva, near Bharuch in Gujarat.The Times of India+2EQ Mag Pro+2
