Gujarat Fluorochemicals Limited has informed the Exchange regarding a press release dated February 12, 2026, titled "Press Release".
FLUOROCHEM · price
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Gujarat Fluorochemicals' step-down subsidiary GFCL EV (SFZ) LLC, based in Salalah Free Zone, Oman, is setting up a new greenfield plant to manufacture advanced battery materials for electric vehicles and energy storage applications. The project involves an initial investment of approximately USD 216 million. The company has signed an Invest Agreement with the Sultanate of Oman (through Invest Oman) and a Land Lease Agreement with Salalah Free Zone Company LLC. GFCL EV Products Limited is part of the INOXGFL Group, which has a market capitalisation of around USD 12 billion and interests spanning fluoropolymers, refrigerants, chemicals, and renewables.
This is a significant capital expenditure move into the EV battery materials space, diversifying the group into a high-growth segment. For shareholders, it signals a major new revenue stream but also brings execution and capex risks associated with overseas operations.