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.
DGTR Launches Review of Countervailing Duties on Malaysian Glass Imports, Potential Impact on Borosil Renewables 19 hours ago Yesterday
Borosil's Q4 Profit Surges 122% YoY, Plans ₹250 Crore Fund Raise May 20, 2025
Borosil Renewables Approves ₹950 Crore Expansion Plan for 600 TPD Capacity Increase May 16, 2025
Borosil Renewables Set to Benefit from New Import Duty on Solar Glass May 15, 2025
More news about Borosil Renewables
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.