<ul><li>INOXGFL Group is planning to invest nearly $5 billion over the next three years in expanding their renewable capabilities in cell and module manufacturing, and electric vehicle chemicals segment.</li><li>GFCL EV, a part of INOXGFL Group, is setting up the world's largest battery chemical complex outside of China to become a global leader in battery materials, seizing the opportunities arising from shifting geopolitics and protectionist policies.</li><li>INOXGFL Group is developing a diversified battery chemical portfolio and has raised Rs 10 billion in a pre-series funding round recently, aiming to become a preferred non-China partner in battery chemicals for EV and energy storage system sectors.</li><li>By investing in solar cell and module manufacturing capacities, setting up manufacturing facilities in Gujarat and Odisha, and focusing on specialty chemicals business particularly in battery chemicals, INOXGFL Group aims to integrate backward and forward in the solar power domain and scale up their speciality chemicals business.</li></ul>

INOXGFL Group lines up $5b capex for integrated energy solutions play

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