Borosil Renewables has revised the cost of its 600 tonnes-per-day (TPD) capacity expansion at Bharuch, Gujarat, to up to Rs 1,100 crore from Rs 950 crore, while extending the commissioning timeline to the end of March 2027.
The company’s board approved the revised cost and schedule on September 22. The expansion involves the addition of two 300 TPD furnaces, SG-4 and SG-5, and was earlier expected to be completed by December 2026.
The company attributed the delay to the ongoing conflict in the Middle East, which has affected supply chains, led to exchange-rate fluctuations and increased commodity costs. An expansion in the project scope has also contributed to the Rs 150 crore increase in estimated expenditure.
Capacity To Increase To 1,600 TPD
Borosil Renewables currently has an installed production capacity of 1,000 TPD, which is fully utilised. Once the two new furnaces are commissioned, another 600 TPD will be added, taking its total capacity to 1,600 TPD. The company expects the additional manufacturing capacity to support higher production volumes and sales revenue.
The incremental Rs 150 crore expenditure will be funded entirely through internal funds without additional borrowing. The overall revised project cost of up to Rs 1,100 crore could be financed through a combination of equity, debt and internal accruals, depending on the financing structure decided by the management.
Separately, the company will be eligible to apply for incentives under the Viksit Gujarat Industrial Policy 2026, including interest and power tariff subsidies, capital subsidy and EPF reimbursement. The Gujarat government notified the policy on September 8, 2026. The revised project cost and commissioning schedule were approved by the board on September 22 and disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements regulations.