Borosil Renewables Limited has announced a revised project cost of ₹1100 crores for its expansion project, an increase of ₹150 crores from the original estimate. The commissioning timeline has also been pushed back to March 2027, a delay from the initial December 2026 target. These changes are attributed to ongoing Middle East conflicts disrupting supply chains, currency fluctuations, and increased commodity costs, alongside an expanded project scope. The additional investment will be funded through internal resources.
Borosil Renewables Updates Expansion Project Details
Borosil Renewables Limited’s Board of Directors, in a meeting held on September 22, 2026, approved a revised project cost estimate of up to ₹1100 crores for its significant expansion project. This marks an increase of ₹150 crores from earlier projections. The company also updated the commissioning timeline, now anticipating completion by the end of March 2027, a delay from the previously scheduled December 2026 deadline.
Reasons for Revision
The revised timelines and increased costs are primarily a consequence of the ongoing conflict in the Middle East, which has persisted for over seven months. This prolonged conflict has severely disrupted global supply chains, led to adverse exchange rate fluctuations, and escalated commodity costs. Furthermore, the scope of the expansion project itself has been broadened, necessitating additional investment.
Funding and Impact
The additional cost outlay of ₹150 crores will be entirely financed through the company’s internal funds, ensuring that there will be no increase in borrowings. The expansion project aims to add 600 TPD capacity by setting up two new furnaces (SG-4 & SG-5), each with a 300 TPD capacity. Once operational, this expansion will increase the total production capacity from 1,000 TPD to 1,600 TPD, significantly boosting production volumes and sales revenues.
Viksit Gujarat Industrial Policy
The Board also acknowledged the ‘Viksit Gujarat Industrial Policy – 2026,’ a scheme by the Government of Gujarat for large, mega, and ultra mega industries. Under this policy, Borosil Renewables Limited is eligible to apply for various financial incentives, including interest subsidy, power tariff subsidy, capital subsidy, and EPF reimbursement, which could further support its growth initiatives.
Board Meeting Details
The Board Meeting commenced at 11:30 a.m. and concluded at 11:58 a.m. on September 22, 2026.
Source: BSE
