Introduction:
Small-cap stock in India’s solar glass industry is set to expand its production capacity by 50%, supported by new policies to curb cheap imports, strengthen domestic supply chains, foster self-reliance, and generate local employment opportunities.
Share price movement of Borosil Renewables:
On January 9, 2025, Borosil Renewables Ltd opened at ₹602.20, up 5.00% from its previous close of ₹573.55. The stock reached a high and low of ₹602.20. By 9:44 AM, it traded at ₹602.20, with a market cap of ₹7,862.80 crore.
Borosil Renewables Boosts Solar Capacity:
Borosil Renewables Limited, India’s leading solar glass manufacturer, announced a 50% capacity expansion, increasing daily output from 1,000 to 1,500 tons. This move follows the government’s introduction of a reference price to counter cheap imports.
The expansion, approved on December 18, 2024, aims to combat dumping from Chinese companies and stabilize domestic solar glass prices. The new policy sets a minimum import threshold, ensuring fair competition and safeguarding Borosil’s operational margins for growth.
This initiative aligns with Atmanirbhar Bharat, reducing foreign dependency, supporting domestic PV module production, and generating local jobs. Borosil Renewables reinforces India’s solar manufacturing supply chain, leveraging local resources, technology, and skilled manpower for sustainable development.
Recent news on Borosil Renewables:
As of December 18, 2024, Borosil Renewables Ltd announced plans to expand Indian production capacity, temporarily cool down its German subsidiary’s furnace, and revise fundraising strategies, raising ₹700 crore through warrants and equity shares to support growth.
Stock performance of Borosil Renewables for Period of 1 week, 6 months and 1 year:
Borosil Renewables Ltd has showcased robust performance, achieving a 4.92% return over one week, 13.7% over six months, and 12.3% over one year, driven by strategic expansions and supportive government policies.
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Shareholding pattern of Borosil Renewables:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 61.60% | 61.60% | 61.60% |
| FII | 4.20% | 4.30% | 4.40% |
| DII | 0.20% | 0.20% | 0.30% |
| Public | 34.00% | 33.80% | 33.80% |
About Borosil Renewables:
Borosil Renewables Ltd. (NSE: BORORENEW), established in 1962, specializes in manufacturing solar glass and scientific glassware. Renamed in 2020, it supports photovoltaic panels and greenhouses with facilities in Tamil Nadu and Maharashtra.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
