Synopsis: GFL shares rallied after subsidiary GFCL EV raised $80 million from global investors, boosting total funding to $130 million to accelerate high-value battery chemical manufacturing.
Gujarat Fluorochemicals Limited (GFL) on March 30, 2026, following a massive funding boost for its electric vehicle arm. Its subsidiary, GFCL EV, secured $80 million from an undisclosed global marquee investor, bringing its total external capital to $130 million building on an earlier $50 million infusion from the International Finance Corporation (IFC).
This fresh capital is earmarked to scale domestic production of critical battery chemicals, including electrolyte salts (LiPF6), additives, and specialized binders like PVDF and PTFE. To ensure long-term margins, GFL is backing the venture with heavy capital expenditure and a robust backward-integration strategy for raw materials.
Beyond India, the company is eyeing the global supply chain through its newly incorporated Oman-based subsidiary, GFCL EV Advanced Materials (SFZ) LLC. This $216 million export-oriented project in the Salalah Free Zone aims to position the group as a primary supplier for international EV and energy storage markets by FY28.
Gujarat Fluorochemicals share price
On March 30, 2026, Gujarat Fluorochemicals shares experienced a volatile session, trading down 4.23% on the NSE at ₹2,938. Over the past five sessions, the stock has seen mixed movement, and over the past month, shares have slipped against the broader market trend. Looking further back, the stock has fallen approximately 11.42% over six months and has declined around 20% on a year-to-date basis.
With a 52-week range of ₹2,916.60 to ₹4,053.95, the stock is currently trading at ₹2,938.50, bringing the company’s total market capitalization on the NSE to ₹32,273 crore.
Company Overview
Founded in 1987 under the INOX Group, Gujarat Fluorochemicals Limited (GFL) is a global leader in fluoropolymers and India’s sole producer of PTFE. Operating across four key verticals fluoropolymers, speciality chemicals, refrigerants, and battery materials the company is now scaling its GFCL EV subsidiary to supply critical electrolyte salts and additives for the global EV market by FY28.
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