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Borosil Renewables soars as its intent to sharpen strategic focus on Indian solar sector

07 Jul 2025 Evaluate

Borosil Renewables is currently trading at Rs. 515.25, up by 18.45 points or 3.71% from its previous closing of Rs. 496.80 on the BSE.

The scrip opened at Rs. 501.05 and has touched a high and low of Rs. 526.50 and Rs. 501.05 respectively. So far 61901 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 644.00 on 18-Dec-2024 and a 52 week low of Rs. 403.10 on 25-Oct-2024.

Last one week high and low of the scrip stood at Rs. 535.75 and Rs. 490.45 respectively. The current market cap of the company is Rs. 6862.75 crore.

The promoters holding in the company stood at 62.20 % while Institutions and Non-Institutions held 5.74 % and 32.06 % respectively.

Borosil Renewables’ German subsidiary -- GMB Glasmanufaktur Brandenburg GmbH (GMB) has filed for insolvency under German Insolvency Code (InsO) before the jurisdictional court at Cottbus. The decision follows a prolonged period of deteriorating market conditions in the European solar manufacturing ecosystem and reflects the company’s intent to sharpen strategic focus on the rapidly growing Indian solar sector. The move frees up resources and management bandwidth for the company to further scale its core Indian operations, which are experiencing robust demand, policy tailwinds, and improving pricing environment following the imposition of anti-dumping duties on imports from China and Vietnam.

In the event, From July 4, 2025 -- the date of the insolvency filing -- GMB’s operations will be overseen by a court-appointed administrator in Germany. The company will no longer account for GMB’s financial losses, which had amounted to around Rs 9 crore per month. The company will have to assess and account for any impact, on account of the aforesaid insolvency resolution process of GMB, in the forthcoming quarterly results. The exposure as of March 31, 2025 in the German subsidiary and step-down subsidiary is 35.30 Euros million.

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.

Borosil Renewables Share Price

498.50 13.70 (2.83%)
17-Apr-2026 16:59 View Price Chart
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