Gujarat Fluorochemicals EV Arm Raises ₹1,000 Cr to Boost Expansion! 🔋
GFCL EV, the 100% subsidiary of Gujarat Fluorochemicals (GFL), has successfully raised ₹1,000 crore at a valuation of ₹25,000 crore.
The funds will be used for:
* Capacity Expansion to meet growing demand in the electric vehicle (EV) & energy storage systems (ESS) space.
* Capitalizing on Global Opportunities, positioning GFCL as a preferred supplier for major automotive OEMs.
Key Business Impact:
* Commercial Sales Start: GFCL EV is set to begin sales in Q4, 2024.
* Long-Term Growth: Management sees exponential growth ahead, thanks to early market entry and strong battery materials capabilities.
* GFL shares have already surged 27% in the past month, driven by excitement around this fund raise.
Investors should watch how this expansion could impact future revenues, profits, and global partnerships!
GFCL EV, the 100% subsidiary of Gujarat Fluorochemicals (GFL), has successfully raised ₹1,000 crore at a valuation of ₹25,000 crore.
The funds will be used for:
* Capacity Expansion to meet growing demand in the electric vehicle (EV) & energy storage systems (ESS) space.
* Capitalizing on Global Opportunities, positioning GFCL as a preferred supplier for major automotive OEMs.
Key Business Impact:
* Commercial Sales Start: GFCL EV is set to begin sales in Q4, 2024.
* Long-Term Growth: Management sees exponential growth ahead, thanks to early market entry and strong battery materials capabilities.
* GFL shares have already surged 27% in the past month, driven by excitement around this fund raise.
Investors should watch how this expansion could impact future revenues, profits, and global partnerships!