IDBI Capital
We visited the battery materials plant of GFCL EV which is a 100% wholly owned subsidiary of Gujarat Fluorochemicals at Jolva in Gujarat. The management exuded strong confidence in ramping up of this facility to cater to the growing need of battery materials both domestically and globally. GFCL EV is the only player in India catering to 70% of the LFP cell cost which presents a huge opportunity for growth in domestic as well as export markets. Revenue Guidance for FY27 stands at Rs 5bn-7bn with break even on EBITDA level. Revenue...
Promoters pledged 2.89% of shares in last quarter. Total pledge stands at 5.97% of promoter holdings
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