Gujarat Fluorochemicals Limited (GFL) is a part of INOX Group, a family owned, professionally managed business group, with market leadership in diverse businesses including Industrial Gases, Refrigerants, Chemicals, Cryogenic Engineering, Renewable Energy and Entertainment. Further, through investments in its subsidiaries, the Company is also engaged in Wind Energy, Wind Farming, Entertainment and other businesses. GFL along with Its subsidiaries operates in the chemicals business along verticals such as refrigerant gases, fluoropolymers, commodity chemicals and speciality Fluro intermediates. It is engaged in manufacturing of chloromethanes, refrigerants and Polytetrafluoroethylene (PTFE) in India and caters to clients across the globe.
GFL USA operates in the US market and is primarily engaged in the manufacture, trading and sale of Post Treated PTFE Compounds. GFL Singapore has been set up to carrying the group’s investment activities. GFL Germany operates in the European markets and is primarily engaged in trading of polymer compounds specially, post-treated PTFE. GFL GM Fluorspar SA (“GFL GM”) is a joint venture company established for the purpose of mining of fluorspar in Morocco. GFL GM is venture between GFL Singapore and Global Mines SARL.
Investment related to Chemical business is as follows (Rs. in Lakhs):
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