Borosil Renewables has approved a revised capital expenditure of ₹1,100 crore for its capacity expansion project, which is now scheduled for commissioning by March 2027.

The company is expanding its solar glass manufacturing capacity from 1,000 TPD to 1,600 TPD through the addition of two furnaces (SG-4 & SG-5) of 300 TPD each at Bharuch, Gujarat. The original investment estimate was ₹950 crore.

Revised timeline and cost

The board approved the updated project cost and timeline in a meeting on September 22, 2026. The commissioning deadline has been extended from December 2026 to the end of March 2027.

Management attributed the delay and cost increase to the ongoing conflict in the Middle East, which has disrupted supply chains, caused exchange rate fluctuations, and increased commodity costs. Additionally, the project scope has expanded.

Strategic expansion into rooftop solar

Borosil Renewables plans to diversify into the rooftop solar business, targeting ₹100 crore in revenue during the first year of operations. This move complements the existing solar glass manufacturing business.

Government incentives

The board noted the company's eligibility under the Viksit Gujarat Industrial Policy – 2026. Borosil Renewables can apply for financial incentives including interest subsidy, power tariff subsidy, capital subsidy, and EPF reimbursement for the expansion project.

What the Numbers Show

The revised capex represents a 15.8% increase over the original ₹950 crore estimate. While the additional ₹150 crore will be funded entirely through internal accruals without increasing borrowings, the project's completion has slipped by three months due to external geopolitical factors impacting supply chains.

Borosil Renewables will host representatives of brokers, analysts, and institutional investors for an in-person meeting on September 23, 2026. The event is part of the JM Financial Environmental & Energy Conclave.

The company scheduled the interaction pursuant to Regulation 30 read with Para A Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The session is scheduled for 2:00 pm IST. Management will engage with participants through both group discussions and one-to-one meetings. The audience includes brokers, analysts, portfolio management services, family offices, and other institutional investors.

Borosil Renewables noted that the schedule remains subject to change based on decisions by investors, organizers, or the management team. Kishor Talreja, Company Secretary and Compliance Officer, issued the intimation on September 9, 2026.