Business Update16 May 2025, 01:36 pm
Borosil Renewables to Expand Production Capacity by 600 TPD Amidst Anti-Dumping Duty Imposition
AI Summary
Borosil Renewables Ltd. has approved a revised expansion plan to enhance its production capacity by 600 TPD through the setup of two furnaces (SG-4 and SG-5) with an estimated cost of Rs. 950 crores. This decision comes after the Ministry of Finance's announcement of imposing an anti-dumping duty on imports of solar glass from China and Vietnam for five years, effective from December 04, 2024. The new capacity is expected to be commissioned during October to December 2026, aiming to foster rapid and significant growth in domestic solar glass manufacturing and increase production volumes and sales.
Key Highlights
- Borosil Renewables approves a revised expansion plan of 600 TPD
- Expansion to be undertaken through setting up two furnaces (SG-4 and SG-5) of 300 TPD each
- Estimated cost of the expansion is Rs. 950 crores
- Imposition of anti-dumping duty on solar glass imports from China and Vietnam for five years
- New capacity expected to be commissioned during October to December 2026