Borosil Renewables has announced that its board has approved an updated expansion plan to boost its production capacity by 600 tonnes per day (TPD) at an estimated investment of ₹950 crore. The company, which operates a production facility in Bharuch, Gujarat with a current capacity of 1,000 TPD, stated that the expansion decision was made in anticipation of favorable market conditions following the government’s anti-dumping measures.
The revised expansion plan involves setting up two 300 TPD furnaces, with a total estimated cost of ₹950 crore. This comes after the original plan, which allocated ₹675 crore for a 500 TPD capacity increase. The expansion will be financed through a combination of equity, debt, and/or internal accruals, with the exact funding structure to be determined by the management.
The company cited the government’s decision to impose a five-year anti-dumping duty on solar glass imports from China and Vietnam, starting December 4, 2024, as a key factor in boosting domestic manufacturing. This measure is expected to create a more competitive environment for local producers.
In response to the anticipated demand growth, Borosil Renewables is enhancing its production capacity to meet higher market needs. The increased capacity is expected to result in higher production and sales volumes. Part of the Borosil Group, Borosil Renewables operates a manufacturing facility covering over 100 acres in Bharuch, Gujarat, with a solar glass production and processing capacity of 1,000 TPD, equivalent to 6.5 GW per year.
Borosil Renewables is India’s first and only manufacturer of solar glass, playing a critical role in the country’s renewable energy value chain. A subsidiary of the Borosil Group, the company specializes in producing high-performance, low-iron patterned glass used in photovoltaic (PV) panels and solar thermal applications. Borosil Renewables has made significant investments in technology and capacity expansion to meet the growing demand for domestically manufactured solar components, in line with India’s push for self-reliance in clean energy. Its solar glass is known for high transmission, durability, and eco-friendly manufacturing processes. By aligning with global standards and sustainability goals, Borosil Renewables contributes significantly to reducing the carbon footprint of solar energy production, reinforcing its position as a key enabler in the green energy transition.
