GFCL EV—Manufacturing of battery chemicals and materials.

GFCL EV Products Limited was incorporated as a wholly owned subsidiary of Gujarat Fluorochemicals Limited (GFL). GFL is a company listed on NSE and BSE

and has a market cap of INR 45,000 crores ($5.4 Bn) and is a part of the Inox Group, which is valued at $9 Billion. GFCL EV is one of the first companies outside of China to establish a fully integrated battery materials complex and reach the commercial production stage for a wide range of products. The company is engaged in manufacturing of LiPF6 salts, electrolytes, PVDF Binders, LFP Cathode and Additives. The company is engaged with over 20 potential customers globally, including major auto and battery manufacturers.