Borosil Renewables To Expand Manufacturing Capacity By 50%

Indian solar PV glass manufacturer Borosil Renewables has announced plans to expand its production capacity by 50%, a plan that had been put on hold earlier. It will expand the company’s capacity to 1,500 tons per day (TPD) from 1,000 TPD or 6.5 GW/annum at present.  

This includes 350 TPD capacity of the Interfloat Group, consisting of Glasmanufaktur Brandenburg (GmbH), located in Tschernitz, Germany, and Interfloat Corporation, based in Liechtenstein, that Borosil acquired (see Largest European Solar Glass Maker Interfloat To Be Acquired). 

The board approval for the expansion follows the Indian Ministry of Finance announcing a reference price for imports on December 4, 2024, which Borosil says will ‘act against Cheap and dumped imports from China and Vietnam.’ 

The reference price ranging from $673 to $677 for imports from China works out to a price of INR 143 per mm/square meter at the container yard, it adds. This will act as a minimum threshold for import prices from China.  

The Finance Ministry’s decision was based on the Directorate General of Trade Remedies (DGTR) investigation into textured, tempered, coated, and uncoated solar glass imported from China and Vietnam as it found material injury suffered by the domestic industry from the dumped imports. 

Borosil says this reference price for imported glass will enable the company to return to better margins to support its expansion plans.  

“The growth in domestic production of solar glass will create a more robust and dependable supply chain for domestic PV Module manufacturers for this critical component. Virtually all raw materials, skilled manpower and technology is available within India, and unnecessary outgo of foreign exchange shall be avoided, while creating much needed local jobs,” stated the company.