Gujarat Fluorochemicals Subsidiary Signs $216 Million Investment Agreement for Oman Battery Materials Plant
Gujarat Fluorochemicals Limited subsidiary GFCL EV (SFZ) LLC has signed investment and land lease agreements with Sultanate of Oman authorities to establish a $216 million greenfield battery materials manufacturing facility at Salalah Free Zone. The project will focus on advanced battery materials for electric vehicle and energy storage applications, with agreements signed with Invest Oman and Salalah Free Zone Company LLC.

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Gujarat Fluorochemicals Limited has announced a significant international expansion through its subsidiary structure, with GFCL EV (SFZ) LLC signing crucial investment agreements with Sultanate of Oman authorities. The move represents a strategic step into advanced battery materials manufacturing for the growing electric vehicle and energy storage markets.
Investment Agreement Details
GFCL EV (SFZ) LLC, a subsidiary of GFCL EV Products Limited, which is itself a subsidiary of Gujarat Fluorochemicals Limited, has formalized agreements to establish a greenfield manufacturing facility at Salalah Free Zone in Oman. The project involves substantial financial commitment and strategic partnerships with Omani authorities.
| Agreement Type: | Counterparty |
|---|---|
| Invest Agreement: | Sultanate of Oman through Invest Oman (Ministry of Commerce, Industry & Investment Promotion) |
| Land Lease Agreement: | Salalah Free Zone Company LLC |
| Initial Investment: | ~ USD 216 Million |
| Location: | Salalah Free Zone, Oman |
Manufacturing Focus and Applications
The state-of-the-art greenfield project will concentrate on manufacturing advanced battery materials specifically designed for New Age industries. The facility will cater to the rapidly expanding electric vehicle sector and energy storage applications, positioning the company in high-growth market segments.
Parent Company Profile
GFCL EV Products Limited operates under the INOXGFL Group umbrella, which maintains diversified business interests across multiple sectors. The group's portfolio encompasses fluoropolymers, refrigerants, chemicals, and renewable energy solutions including wind and solar power generation.
| Group Parameter: | Details |
|---|---|
| Market Capitalization: | USD 12 Billion |
| Business Segments: | Fluoropolymers, Refrigerants, Chemicals, Renewables |
| Renewable Focus: | Wind & Solar Energy |
| Geographic Presence: | India and International Markets |
Regulatory Compliance
The announcement was made through a formal press release disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on February 12, 2026, ensuring full regulatory compliance and transparency for stakeholders.
Historical Stock Returns for Gujarat Fluorochemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.00% | +0.93% | -1.68% | -1.14% | -9.97% | +485.80% |


































