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Latest news about Borosil Renewables

Borosil Renewables Secures ₹14.21 Crore Government Subsidy, Boosting Total Support to ₹106.53 Crore 4 days ago

Borosil Renewables Limited has received a capital subsidy of ₹14.21 crore from the Ministry of Electronics & Information Technology under the Modified Special Incentive Package Scheme. This brings the total government support for the company to ₹106.53 crore over the past two years. The subsidy represents about 3.97% of the company's current assets as of March 2025. Borosil Renewables' financial position shows growth in total assets and equity, with a slight decrease in fixed assets compared to the previous year.

Borosil Renewables Grants 5,10,100 Stock Options to Employees Under ESOP Scheme Nov 21, 2025

Borosil Renewables Reports Strong Q2 FY26 Performance with 33.2% EBITDA Margin Nov 17, 2025

Borosil Renewables Aims for 3% Production Efficiency Boost and Higher Sales Nov 13, 2025

Borosil Renewables Reports 3.5x Jump in Quarterly Profit to ₹45.8 Crore Nov 11, 2025

More news about Borosil Renewables

28Oct 25

Borosil Renewables Converts 28,301 Warrants to Equity Shares

Borosil Renewables Limited has allotted 28,301 equity shares to Pushpman Consultants Private Limited by converting an equal number of warrants. This is part of a larger allotment of 78,80,436 warrants issued on a preferential basis to non-promoter investors. The conversion price was Rs. 530 per warrant, with 25% paid initially and the remaining 75% at conversion. Following this allotment, Borosil Renewables' paid-up equity share capital has increased to Rs. 14,01,88,845, comprising 14,01,88,845 shares of Re. 1 face value each.

17Oct 25

Borosil Renewables Raises Rs. 371.49 Crores Through Preferential Share Allotment

Borosil Renewables Limited has successfully raised Rs. 371.49 crores through a preferential allotment of 69,43,691 equity shares at Rs. 535 per share to 78 non-promoter investors. The allotment increased the company's paid-up equity share capital to Rs. 14,01,60,544. Top investors include Niveshaay Hedgehogs Fund, Abakkus Diversified Alpha Fund-2, and Dharmapal Satyapal Limited. The company obtained necessary regulatory approvals and ensured compliance with all requirements.

14Oct 25

India Mandates Prior Registration for Renewable Energy Component Imports from November 2025

The Indian government has announced a new policy requiring prior registration for specific renewable energy components, effective November 1, 2025. The Renewable Energy Equipment Import Monitoring System (REEIMS) will oversee imports of items like solar glass, photovoltaic cells, and wind energy components. Registration must be completed 2-5 days before import, depending on the mode of transport, and is valid for 3 months. The policy affects various products under specific HS codes and aims to enhance monitoring and streamline the supply chain in the renewable energy sector.

03Sept 25

Borosil Renewables Achieves Remarkable Q1 Profitability Turnaround Despite Revenue Dip

Borosil Renewables has reported a remarkable turnaround in its Q1 FY2024 financial performance. Despite a slight revenue decline to Rs 3.47 billion from Rs 3.71 billion year-over-year, the company achieved significant profitability improvements. EBITDA increased to Rs 630.00 million from Rs 228.00 million, with the EBITDA margin expanding from 6.14% to 18.20%. The company reported a profit before exceptional items of Rs 360.00 million, compared to a loss of Rs 160.00 million in Q1 FY2023. This performance demonstrates Borosil Renewables' focus on operational efficiency and cost management in the renewable energy sector.

06Aug 25

Borosil Renewables Exits Germany, Refocuses on India's Booming Solar Market

Borosil Renewables has declared its German subsidiary insolvent, booking a ₹325.91 crore loss. The company is exiting the European market due to challenges from Chinese manufacturers and refocusing on India's solar industry. Borosil's standalone revenue in India grew by 37% year-on-year to ₹332.26 crore in Q1, with EBITDA surging 211% to ₹92.53 crore. The company announced a ₹950 crore expansion plan to build two new 300-tonne furnaces at its Bharuch facility, aiming to address India's solar glass supply gap. This move is supported by favorable domestic policies, including anti-dumping duties on Chinese and Vietnamese solar glass imports.

30Jul 25

Borosil Renewables Expands Share Capital with 1.35 Lakh Equity Shares Allotment

Borosil Renewables Limited (BRL) has allotted 1,35,317 equity shares following the partial conversion of warrants issued on February 14, 2025. The allotment, approved by the Management Committee of the Board of Directors, was made to five non-promoter category investors. Each warrant was convertible into one equity share of Re. 1/- face value at an issue price of Rs. 530.00. The conversion involved a two-step payment process: 25% paid at warrant allotment and 75% at conversion. This action has increased BRL's paid-up equity share capital to Rs. 13,31,85,970.

25Jul 25

Borosil Renewables Projects 28-30% EBITDA Margins, Targets 6-8% Volume Growth for FY26

Borosil Renewables, India's largest solar glass manufacturer, reported a 37.40% YoY revenue increase to ₹332.26 crore in Q1 FY26, with EBITDA margins expanding to 27.80%. The company projects sustainable EBITDA margins of 28-30% and 6-8% volume growth for FY26. It plans to set up two new furnaces, expanding capacity by 600 TPD, with a ₹950 crore investment. A ₹379.52 crore preferential equity issue is proposed to support expansion. The company is benefiting from anti-dumping duties on Chinese and Vietnamese imports and aims to increase its export mix to 10-15% of total sales.

24Jul 25

Borosil Renewables Reports 37% Revenue Growth in Q1, Takes ₹326 Cr Hit on German Subsidiary Insolvency

Borosil Renewables Limited reported a 37% year-over-year revenue growth in Q1, reaching ₹332.26 crores. EBITDA increased by 211% to ₹92.53 crores with a 27.8% margin. Average selling prices rose 31% to ₹138.10/mm. However, the company recorded a net loss of ₹272.35 crores due to a ₹325.91 crore provision for its insolvent German subsidiary, GMB Glasmanufaktur Brandenburg GmbH. The Board approved expansion plans for two new furnaces, totaling 600 TPD capacity, with an estimated cost of ₹950 crores. A preferential equity issue of ₹379.52 crores was approved to fund growth.

23Jul 25

Borosil Renewables Reports Significant Net Loss Amid Revenue Growth; Announces Equity Issuance Plan

Borosil Renewables reported a net loss of Rs 2,723.46 crore for Q1 FY2026, compared to Rs 36.43 crore loss in Q1 FY2025. Revenue grew 37.4% to Rs 332.26 crore. The loss is primarily due to a Rs 325.91 crore exceptional item related to German subsidiaries. The company plans to issue up to 70,93,874 equity shares at Rs 535 per share to raise approximately Rs 379.52 crore through preferential allotment to non-promoter investors.

23Jul 25

Borosil Renewables Secures Rs 379.52 Crore Fundraise Amid German Subsidiary Insolvency

Borosil Renewables, a solar glass manufacturer, approved a preferential issue of up to 70,93,874 equity shares at Rs 535 per share, aiming to raise Rs 379.52 crore from non-promoter investors. The company reported a net loss of Rs 272.35 crore for the quarter ended June 30, with revenue from operations at Rs 332.26 crore. The loss includes an exceptional item of Rs 325.91 crore due to full provision against exposure to its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, which filed for insolvency on July 4. An Extraordinary General Meeting is scheduled for August 14 to seek shareholder approval for the preferential share issue.

19Jul 25

Borosil Renewables Chairman Downplays Impact of Potential US Solar Tariffs on India

Borosil Renewables Ltd., an Indian solar glass manufacturer, expects minimal impact from potential US tariffs on solar panel imports. Chairman Pradeep Kumar Kheruka cites the absence of direct government subsidies in India's solar industry as a key factor. The company's shares rose 1.22% to Rs 587.90 on NSE. Borosil Renewables plans a board meeting on July 23, 2025, to review Q2 results and consider fund-raising options. Manufacturing Head Ayub Khan has resigned effective July 7, 2025.

07Jul 25

Borosil Renewables Shifts Focus to Indian Solar Market as German Subsidiary Faces Insolvency

Borosil Renewables is realigning its strategy to focus on India's growing solar energy market. This shift comes as its German subsidiary, Glasmanufaktur Brandenburg GmbH, files for insolvency. The company aims to capitalize on India's renewable energy initiatives and increasing demand for clean energy solutions. This move could help offset challenges in European operations and position the company for growth in the Indian solar sector.

07Jul 25

Borosil Renewables' German Subsidiary Files for Bankruptcy Amid Market Challenges

Borosil Renewables announced that its German subsidiary, GMB, has filed for bankruptcy due to challenging market conditions and poor demand in the EU. The company's exposure to GMB is approximately ₹350 crore. Despite contributing 22% to Borosil Renewables' revenue, GMB has been facing persistent losses. This strategic move aims to stop a monthly cash outflow of ₹9 crore. The bankruptcy highlights the difficulties faced by renewable energy companies in the EU market and may lead Borosil Renewables to reassess its European strategy.

06Jul 25

Borosil Renewables Shifts Focus to Indian Market as German Subsidiary Files for Insolvency

Borosil Renewables' German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, has filed for insolvency due to challenging market conditions. In response, the company is refocusing on the Indian solar glass market. Borosil plans to increase its production capacity by 600 tonnes per day with a Rs 950.00 crore investment. This strategic shift aims to capitalize on India's growing renewable energy sector.

25Jun 25

Borosil Renewables Eyes 10-20% Revenue Growth Amid Duty Considerations

Borosil Renewables, a solar glass manufacturer, anticipates potential revenue growth of 10-20% within a year, subject to the continuation of countervailing duty policies. The company's outlook depends on its production capacity and market reaction to the duty. The policy is seen as crucial for creating a favorable business environment and leveling the playing field against subsidized imports. However, the projected growth is not guaranteed and will be influenced by government decisions, production scalability, and overall market conditions in the renewable energy sector.

25Jun 25

DGTR Launches Review of Countervailing Duties on Malaysian Glass Imports, Potential Impact on Borosil Renewables

The Directorate General of Trade Remedies (DGTR) has launched a review investigation into countervailing duties on glass imports from Malaysia. This action is in response to concerns about ongoing subsidies to Malaysian glass manufacturers potentially harming domestic industries. The review specifically mentions Borosil Renewables, suggesting potential significant impacts on the company's market position. The investigation's outcome could affect market dynamics, pricing strategies, and supply chain decisions in the Indian glass industry.

20May 25

Borosil's Q4 Profit Surges 122% YoY, Plans ₹250 Crore Fund Raise

Borosil Limited's Q4 results show significant growth with net profit up 122% to ₹11.1 crore and revenue up 50% to ₹270 crore. EBITDA increased by 487.79% to ₹77 crore. Despite strong Q4 performance, annual results for FY 2023-24 were mixed with revenue up 53.17% to ₹1,369.3 crore but a net loss of ₹50.3 crore. The company announced plans to raise funds up to ₹250 crore, potentially to support growth initiatives and maintain positive momentum.

16May 25

Borosil Renewables Approves ₹950 Crore Expansion Plan for 600 TPD Capacity Increase

Borosil Renewables has revised its expansion plans, increasing production capacity by 600 tonnes per day (TPD) with two 300 TPD furnaces. The company has allocated ₹950 crore for this expansion, up from the initial ₹675 crore. This decision is based on anticipated favorable market conditions following anti-dumping measures on solar glass imports from China and Vietnam.

15May 25

Borosil Renewables Set to Benefit from New Import Duty on Solar Glass

The Indian government has implemented an import duty of up to Rs 58,000.00 per tonne on solar glass from China and Vietnam. This move is expected to benefit Borosil Renewables Ltd (BRL), India's leading solar glass manufacturer, by increasing its competitiveness and potential market share. The duty aims to protect domestic manufacturers and reduce dependence on foreign imports in the renewable energy sector, aligning with the 'Make in India' initiative. This policy change could lead to shifts in sourcing strategies for solar panel manufacturers and potential short-term price adjustments in the market.

13May 25

Borosil Renewables Anticipates Improved Profitability and Solar Sector Growth

Borosil Renewables expects improved profitability in upcoming quarters due to better selling prices and yield improvement efforts. The company projects annual solar installations in India to increase to 40-45 gigawatts, indicating significant growth in the solar energy sector. This aligns with India's push towards renewable energy adoption, potentially benefiting Borosil Renewables as a key solar glass manufacturer.

10May 25

Borosil Renewables Reports Q4 Loss Narrowing, Approves Fundraising Plan

Borosil Renewables reported a consolidated net loss of ₹29.52 crore in Q4, down from ₹53.32 crore year-on-year. Total income rose to ₹385.44 crore. The board approved seeking shareholder approval to raise up to ₹500 crore. Ashok Jain will be re-designated as a non-executive director from August 1, 2025.

28Mar 25

Borosil Renewables Fulfills €10.8 Million SBLC Obligation, Subsidiary Requests Early Repayment

Borosil Renewables Limited (BRL) has met its €10.8 million Standby Letter of Credit (SBLC) obligation to HDFC Bank Limited for its step-down subsidiary, GMB Glasmanufaktur Brandenburg GmbH (GMB). This follows a similar €10.2 million payment in March 2023. GMB requested early repayment due to challenging market conditions in Europe, including decreased demand for solar modules and Chinese dumping. GMB has temporarily suspended solar furnace operations. BRL has become a creditor to GMB for the paid amount and anticipates resuming GMB's production in the future.

27Mar 25

Borosil Renewables Secures ₹60.44 Crore Subsidy from Ministry of Electronics & IT

Borosil Renewables has received a ₹60.44 crore subsidy from the Ministry of Electronics & Information Technology (MEITY) under the Modified Special Incentive Package Scheme. The company's Secretary & Compliance Officer, Ravi Vaishnav, announced this development in a filing to stock exchanges. This financial support is expected to strengthen the company's position in the renewable energy sector, potentially enabling increased investments and enhancing its competitive advantage.

24Feb 25

Borosil Renewables Projects 30% EBITDA Margin, Boosted by Production Increase and Policy Support

Borosil Renewables aims to maintain a 30% EBITDA margin over the next 4-5 years, driven by increased production and favorable policy changes. The company projects Q4 EBITDA to exceed Rs 700-750 crore. Government's introduction of reference prices on solar glass imports is expected to benefit domestic manufacturers. The company's outlook reflects optimism in India's renewable energy sector.