Borosil Renewables shares surged 5% after the company announced a major 50% expansion in solar glass production capacity. The company plans to boost daily output from 1,000 tons to 1,500 tons, strengthening India’s domestic solar manufacturing ecosystem.
The move comes shortly after the Ministry of Finance set a “Reference Price” of ₹143 per mm/square meter for imported solar glass on December 4, 2024. This policy aims to curb cheap imports from China and Vietnam, ensuring fair competition in the market.
Borosil Renewables shares saw a sharp uptick, with the stock opening at ₹603.10 today, marking both the day’s high and low. This is a significant jump from its previous close of ₹574.40. The stock remains strong within its 52-week range of ₹402.80 to ₹603.10.
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