Borosil Glass Works is planning to increase its capex eight times to Rs 120 crore from Rs 15 crore last year on the back of new Goods and Service Tax (GST) norms for warehousing and distribution. The increase in capex would also get used to enhance its supply chain and logistics post GST.
Having acquired local company Hope Ware Table last year for Rs 90 crore, the company made an entry into the opal glass dinner ware segment. It now has planning to expand the capacity for the opal glass dinner sets by almost 50 per cent, which would get included in the assigned capex for plant and machinery.
Borosil Glass Works is the market leader for laboratory glassware and microwavable kitchenware in India.
