Borosil Renewables Limited
396.40
INR
-9.85
(-2.42%)
ISIN
INE666D01022
Return %
Stock
S&P 500
1Y
-41.43
14.20
3Y
-4.25
81.12
5Y
-6.63
68.34
Capital Structure
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in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Melwyn Moses
- Full Time Employees
- 1,701
- Sector
- Process industries
- Industry
- Industrial specialties
- Address
- Bandra Kurla Complex Mumbai MA India 400051
- IPO Date
- Jan 15, 1993
- Website
- borosilrenewables.com
- Similar Companies
- Business
- Borosil Renewables Limited is India's leading solar glass manufacturer specializing in high-performance, environmentally friendly solar glass products. The company produces a wide range of solar glass offerings including glass for utility-scale solar projects, rooftop solar plants, greenhouse applications, building-integrated photovoltaics (BIPV), floating PV, and solar-thermal markets. Its product portfolio features varied sizes and thicknesses with advanced coatings such as antireflective, antisoiling, antiglare texture for PV installations near airports, and thinner glass grades for bifacial modules, notably including the proprietary products Selene (anti-glare solar glass) and Shakti (high-efficiency matt finish solar glass). Borosil Renewables also manufactures glass with low iron content and is recognized for pioneering innovations like the world's first fully toughened 2mm thick solar glass and the removal of hazardous antimony from its solar glass manufacturing process. Founded in 1962 and headquartered in Mumbai, India, Borosil Renewables operates production facilities in India and Germany, with a current solar glass manufacturing capacity of approximately 8.5 GW. The company serves photovoltaic module manufacturers, engineering, procurement, and construction (EPC) firms, and developers across global solar markets. It is part of the Borosil Group, known for its scientific and consumer glassware. Recent strategic developments include Borosil Renewables’ acquisition of an 86% stake in Europe's largest solar glass manufacturer, Interfloat Group, which expanded its production capacity by 66% to 750 tons per day in India and Europe, with plans to increase to 1,300 tons per day by year-end 2025. Borosil also completed the acquisition of a 49% stake in Clean Max Prithvi Private Limited, expanding into hybrid solar and wind power plant operations. The company has restructured operations with a strategic focus on ramping up its presence in India's solar market, driven by increasing demand for renewable energy solutions. Operational highlights include the use of renewable energy investments such as wind and solar-wind hybrids, maintaining a carbon footprint 22% lower than industry defaults as confirmed by independent life cycle assessments. The company continuously invests in product innovation, manufacturing efficiency, and sustainability to meet the growing global demand for solar glass. Borosil Renewables Limited is listed on the National Stock Exchange of India under the ticker BORORENEW.NS and maintains a robust pipeline of new products including solar glass with anti-soiling coatings tailored to enhance panel performance in diverse environmental conditions. These developments position Borosil Renewables as a key player driving clean energy technology through advanced material science and sustainable manufacturing practices.