5/7 Battery & EV Goldrush The most aggressive structural pivot across the sector is the literal goldrush into Battery Energy Storage Systems (BESS) and EV materials.
Gujarat Fluorochemicals is deploying INR 6,000 crore capex by FY28 to build a comprehensive battery materials portfolio, expanding into LiPF6, LFP, and even natural graphite anodes.
Concurrently, Neogen Chemicals is partnering with Japan's Morita to build India’s first non-FEOC compliant electrolyte salt platform, heavily capitalizing on Western desires to bypass Chinese supply chains entirely.