Borosil Renewables Announces 50% Capacity Expansion In Solar Glass Manufacturing To Strengthen Atmanirbhar Bharat

Borosil Renewables Limited, a manufacturer of solar glass, has announced a 50% expansion in its manufacturing capacity. This expansion, which had been previously put on hold, has now been approved by the company’s Board of Directors on December 18, 2024. The approval follows the announcement of a “Reference Price” by the Ministry of Finance on December 4, 2024, aimed at curbing the impact of cheap and dumped imports from China and Vietnam. The Reference Price sets a minimum threshold for solar glass imports from China at US$ 673–677, which is approximately ₹143 per square meter at the container yard.

The expansion will increase the company’s manufacturing capacity from 1,000 tons per day to 1,500 tons per day. This decision comes as a response to the crisis faced by the solar glass industry in India due to the dumping of cheap solar glass from Chinese-owned companies. The surge in imports, combined with a sharp drop in prices, threatened the survival of domestic solar glass manufacturers. With the new Reference Price in place, Borosil Renewables expects to improve its margins, which will support its growth plans and ensure a steady supply of solar glass.

This expansion will also contribute to a more robust and reliable supply chain for India’s domestic photovoltaic (PV) module manufacturers. With raw materials, skilled manpower, and technology readily available within India, the country can avoid unnecessary foreign exchange outflow while generating local employment. The move underscores Borosil’s commitment to supporting the Atmanirbhar Bharat initiative by strengthening India’s solar manufacturing capabilities and reducing dependency on imports.