Announced Tue, 22 Sept, 2026 · 12:07 IST
Capacity expansion cost raised to Rs 1,100 cr, commissioning delayed to March 2027
BORORENEW · price
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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹473.50
prior close
₹480.65
base price
In-mkt
timing
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AI summary
Borosil Renewables board raised capex for its 600 TPD expansion at Bharuch to Rs 1,100 crores from Rs 950 crores. Commissioning pushed from Dec 2026 to end March 2027 due to Middle East conflict disrupting supply chains and raising commodity costs. Extra Rs 150 crores will be funded through internal accruals with no new borrowings. Capacity will rise from 1,000 TPD to 1,600 TPD. Firm also eligible for incentives under Gujarat Industrial Policy 2026.
Likely market impact
Capex hike and 3-month delay may pressure near-term margins, but no extra debt and 60% capacity addition support long-term growth.