Borosil Renewables delays 600 TPD furnace expansion to March 2027 and raises estimated cost to Rs. 1100 crores
As filed · BOROSIL RENEWABLES LIMITED has informed the Exchange about Update on Capacity expansion
What happened
FactBorosil Renewables revised the commissioning timeline for its 600 TPD SG-4 and SG-5 furnace expansion at Bharuch from December 2026 to the end of March 2027. The estimated project cost increased from Rs. 950 crores to approximately Rs. 1100 crores, including an additional Rs. 150 crores for expanded scope and project-related cost pressures.
Why it matters
CapitSignal interpretationNew capacity spends capital now for volume later; the commissioning date is the commitment that can be checked against subsequent filings.
Scale
- 71.7% of FY26 revenue
₹1,100 Cr stated in the filing against ₹1,534.82 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
DelayedOnce operational, our total installed capacity will increase to 1,600 TPD, enabling us to support approximately 10.5 GW of solar module demand annually.
₹21.45 crores Capital Expenditure in FY 2025-26
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Stated commissioning date
- Capital outlay and how it is funded
- Expected asset turns at full utilisation
- Increased share of 2 mm glass production to 75% with the aim to reach 100% by Q4 FY 2026-27 and successfully i (management committed by Q4 FY27)
- Increased share of 2 mm glass production to 75% with the aim to reach 100% by Q4 FY 2026-27 (management committed by Q4 FY27)
Evidence
- BOROSIL RENEWABLES LIMITED has informed the Exchange about Update on Capacity expansion(opens the original filing in a new tab)
- Earlier statement · FY25
- Latest statement · FY25
- Earlier statement · FY25
How CapitSignal classified this
- Reasoning:
- The project faces a timeline delay and an approximately Rs. 150 crore increase in estimated investment, although the company stated that the additional outlay would be met through internal funds without increasing borrowings. The company may also apply for financial incentives under Gujarat’s Viksit Gujarat Industrial Policy – 2026, but eligibility does not indicate that incentives have been appro
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%