Borosil Renewables Abandons European Dreams, Refocuses on Indian Solar Opportunity

Borosil Renewables, after facing INR326 crore in overseas losses and a failed acquisition in Germany, is trying to turn the crisis into a comeback by redirecting all its firepower to a solar boom playing out at home. The company has formally declared its German subsidiary insolvent, booking a INR325.91 crore one-time loss and decisively turning its back on troubled overseas expansion. The future of the company now lies in India's booming but still volatile solar sector.