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Borosil Renewables Hikes Expansion Cost by ₹150 Crore Amid West Asia Conflict
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CNBC TV18•22-09-2026, 13:03
Borosil Renewables Hikes Expansion Cost by ₹150 Crore Amid West Asia Conflict
- •Borosil Renewables increased its Bharuch capacity expansion estimate to ₹1,100 crore from ₹950 crore due to West Asia conflict.
- •The conflict caused supply chain disruptions, exchange-rate fluctuations, and higher commodity costs, delaying project completion to March 2027.
- •The expansion adds two new furnaces (SG-4 and SG-5) for 600 TPD, boosting total capacity to 1,600 TPD from 1,000 TPD.
- •The additional ₹150 crore will be funded internally, with no increase in borrowings.
- •The company is eligible for various financial incentives under the Viksit Gujarat Industrial Policy 2026.
Key Questions Answered
Borosil Renewables revised its expansion cost from ₹950 crore to ₹1,100 crore and delayed completion to March 2027 due to the ongoing West Asia conflict, which caused supply chain disruptions, exchange-rate fluctuations, and higher commodity costs, alongside an expanded project scope.
The company clarified that the additional ₹150 crore outlay will be funded entirely through internal funds, with no increase in borrowings.
Under the Viksit Gujarat Industrial Policy 2026, the company is eligible to apply for financial incentives including interest subsidy, power tariff subsidy, capital subsidy, and EPF reimbursement.
