Borosil, which operates in glassware, laboratory equipment and solar glasses, is expecting to double its revenue to Rs 7,000 crore in the next four years, led by double-digit growth from across its business verticals, its Executive Vice Chairman Shreevar Kheruka has said. The Kheruka-family promoted Borosil Group, which operates with three listed entities under its fold -- Borosil Ltd, Borosil Renewables Ltd, and Borosil Technologies Ltd -- expects to reach a revenue close to Rs 3,500 crore in FY25. It plans to invest Rs 250 crore for expansion and capacity augmentation to meet the demand, in which it intends to invest about Rs 150 crore on a new plant in Gujarat for Borosil Ltd, which is in the business of products such as glassware and cookware, said Kheruka. Besides, at its Jaipur unit, where Borosil has already invested Rs 450 crore to expand the production capacity, it has plans to invest Rs 100 crore for debottlenecking to improve efficiency and increase capacity ...
Borosil Ltd on Monday reported 15.23 per cent rise in consolidated net profit at Rs 25.26 crore for the third quarter ended December 2021
Shares of Borosil Renewables hit a new high of Rs 722.85, up 5% on the BSE in intra-day trade today. The shares have rallied 28% in the past five trading days
The government is set to levy duty at 9.71 per cent on textured tempered coated or uncoated glass imports (of which the company is the sole manufacturer in India) from Malaysia
The stock hit a new high of Rs 321, up 10% on the BSE in intra-day trade.
The stock is locked in upper circuit of 20% at Rs 1,064, also its 52-week high on the NSE after the company said its board approved issue of bonus shares in the ratio of 3:1.
The board approved split of equity shares of the Company from Rs 10 per share to Re 1 per share.