INOXGFL Group

The International Finance Corporation (IFC) has committed US$50 million to support INOXGFL Group’s foray into advanced battery-materials manufacturing, marking a significant endorsement of India’s ambition to build a self-reliant electric-mobility supply chain. The investment—directed toward the group’s subsidiary focused on electric-vehicle and energy-storage components—will help establish an integrated facility capable of producing essential battery ingredients such as electrolyte salts, additives, and cathode materials.

INOXGFL Group has made significant strides in advancing India’s renewable energy goals with its recent land allocation in Odisha for a state-of-the-art solar cell and module manufacturing facility. The proposed 4.8 GW solar cell and 4.8 GW solar module manufacturing plant will be set up in Dhenkanal, contributing to India's green energy transition and fostering economic growth in the state. With a Rs 4,000 crore investment, the project is poised to create over 3,400 jobs, reinforcing INOXGFL's role in shaping India’s sustainable energy future.