Borosil Renewables has received Rs 7.77 crore from the Gujarat State Electronics Mission (GSEM), Department of Science & Technology, Government of Gujarat, towards capital incentive, under the Electronics Policy (2016-21) for providing special incentive package to attract investment in the electronics system design and manufacturing (ESDM) sector.
The company has received the above incentive in relation to capital expenditure incurred for commissioning its third solar glass furnace (SG-3) at Bharuch plant.
Borosil Renewables is engaged in the production of low iron textured solar glass used in the manufacturing of solar photovoltaic modules in the power sector.
