Investment12 Feb 2026, 04:41 pm
GFCL EV Products Limited to Invest ~ USD 216 Mn in Oman for Advanced Battery Materials Manufacturing
AI Summary
GFCL EV Products Limited, a part of INOXGFL Group with diversified business interests, is setting up a state-of-the-art greenfield project at Salalah Free Zone in Oman to manufacture advanced battery materials with applications in New Age industries like EV and Energy Storage applications. The initial investment is estimated to be ~ USD 216 Mn. The company has signed Invest Agreement with Sultanate of Oman through Invest Oman and Land Lease Agreement with Salalah Free Zone Company LLC.
Key Highlights
- GFCL EV Products Limited to invest ~ USD 216 Mn in Oman for advanced battery materials manufacturing
- Company to set up a state-of-the-art greenfield project at Salalah Free Zone, Oman
- Project aims to manufacture advanced battery materials for New Age industries like EV and Energy Storage applications
- GFCL EV Products Limited has signed Invest Agreement with Sultanate of Oman through Invest Oman
- Company has also signed Land Lease Agreement with Salalah Free Zone Company LLC