Borosil Renewables share prices surged by 4.91% on Monday. The stock hit a high of ₹532. It was last up 3.54% at ₹525.05. The stock has slipped 5.54% in 2025. Today’s rise followed a report stating that the company will invest nearly ₹900 crore to boost its solar glass manufacturing capacity. This is expected to reach 10 GW by 2026.
Both BSE and NSE have sought clarification from the company. A reply is awaited at the time of this article’s publication.
Borosil Renewables Ltd. owns a 1.5 MW wind farm and is a part of the Borosil Group. It has invested in a 10 MW hybrid renewable energy power plant at Bharuch. It aims to take its renewable power consumption to about 30% of its total requirements. It is renowned as one of the world’s most premier solar glass manufacturing companies.
It’s parent company recently acquired Europe’s largest manufacturer of solar glass. This will increase its solar glass capacity to 1350 TPD. The company has maintained a comparatively lower carbon footprint as compared to other companie in the industry (22%).
Over the past 3 years, Borosil Renewables has recorded an average revenue growth of nearly 25.21%. The company has maintained an effective average operating margin of 24.67% over the last 5 years. It has an efficient cash conversion cycle of 30.70 days. As per an analysis of its shareholding structure, the company’s promoters hold nearly 61.59% of its shares.
Borosil Renewables’ share prices surged on news of a major expansion plan. Exchange queries and trading activity indicate market interest. The company’s focus on expanding its presence in renewable energy and enhancing operational efficiency is creating a favourable outlook for itself.
On Monday, Borosil Renewable share price opened at ₹511.05. It was up 4.25% at 3.30 PM and closed at ₹528.90 on the NSE.
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Published on: Mar 24, 2025, 4:51 PM IST
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