Borosil expands solar glass capacity in India to 1,000 tpd
Gujarat-based Borosil Renewables has started trial production from its third solar glass furnace, raising its capacity in India to 1,000 tons per day (tpd). Its cumulative solar glass capacity has reached 1,300 tpd, which includes 300 tpd in Germany added through the acquisition of Interfloat Group.
Borosil Renewables completes acquisition of 86% in Europe’s largest solar glass maker Interfloat Group
Borosil Renewables had signed a binding offer for 100% equity in Interfloat Group, Europe’s largest solar glass manufacturer, in April this year.
Borosil Renewables posts 28% net sales increase for FY 2021-22
Borosil Renewables, an Indian solar glass manufacturer, has recorded net sales of around INR 644 crore ($83 million) for fiscal 2021-22. It operated almost at full capacity throughout the year and sold out of everything it produced.
Borosil Renewables to acquire Europe’s largest solar glass maker Interfloat Group
With this acquisition, the Indian manufacturer’s solar glass output will grow to 750 tonnes per day (TPD) from the current 450 TPD.
Borosil Renewables to expand solar glass manufacturing capacity to 2,000 tons per day
The solar panel glass manufacturer expects strong growth in demand for its products at home and abroad with a significant rise expected in the production of PV modules in the USA and Europe.
Indian solar glass maker’s revenues soared 85.4% in FY2020-21
Despite a Covid-hit first quarter, Borosil Renewables registered a strong growth in annual revenues driven by record sales and high price realizations in the fourth quarter.
Solar glass maker Borosil Renewables bags national award
The government of India has recognized the manufacturer for the development and commercialization of 2mm thick fully-tempered solar glass, Selene anti-glare solar glass, and Shakti solar glass in matt-matt finish.
Premji-backed Indian firm to make solar glass
Float glass manufacturer Gold Plus Glass Industry confirmed to pv magazine its plans to establish a solar glass factory with a capacity of 300 tonnes per day. The plant, located in south India, will be operational by September 2023.
Borosil Renewables posts a 74.3% y-o-y revenue growth in first nine months
The Indian solar glass manufacturer reported net revenue of around INR 300 crore during the current fiscal’s nine months ended December 2020, with the best-ever quarterly earnings of INR 140 crore coming from the third quarter.
Borosil Renewables raises INR 200 crore though QIP issue
The solar glass manufacturer plans to utilize the funds to more than double its solar glass production capacity from 450 tonnes per day (TPD) to 950 TPD.
