Borosil Renewables Plans Rooftop Solar Push
Real Estate

Borosil Renewables Plans Rooftop Solar Push

Borosil Renewables has moved beyond solar glass manufacturing into the rooftop solar segment with an integrated offering that supplies complete kits combining solar modules, inverters and batteries rather than selling components separately, Jain explained. The firm will position the kits as homeowner solutions and will initially focus on the residential rooftop market before entering the commercial and industrial segment. The strategy is designed to use existing channels while manufacturing focus remains on glass.

Borosil has set an internal revenue target of about Rs 360 million (Rs 360 mn) for financial year FY27 and expects the new business to remain low margin because it is primarily a trading and system integration operation, Jain said, noting profitability would remain in the single digits. Management described the venture as early stage and said the plan is conservative to assess market acceptance.

On pricing, the company maintained fundamentals remain robust with reference pricing tied to import parity, and it said a significant portion of upcoming domestic solar glass capacity is intended for captive consumption, which will limit open market supply. Borosil indicated that new SG4 and SG5 furnaces are expected to be commissioned by the end of FY27 and that older SG1 and SG2 units will undergo planned refurbishment after the new lines start.

Each furnace overhaul will require about 75 days of shutdown followed by roughly 15 days to restart production, creating a near 90 day interruption for any furnace taken offline. The company described its exposure to the US market as very limited and said domestic demand and pricing in India are the primary focus for now, though the US could become a meaningful market later. Management added that a temporary fuel surcharge introduced amid higher energy prices has begun to ease and that reductions will be passed to customers, with moderated fuel costs expected to protect profitability despite potential softening in average realizations.

Borosil Renewables has moved beyond solar glass manufacturing into the rooftop solar segment with an integrated offering that supplies complete kits combining solar modules, inverters and batteries rather than selling components separately, Jain explained. The firm will position the kits as homeowner solutions and will initially focus on the residential rooftop market before entering the commercial and industrial segment. The strategy is designed to use existing channels while manufacturing focus remains on glass. Borosil has set an internal revenue target of about Rs 360 million (Rs 360 mn) for financial year FY27 and expects the new business to remain low margin because it is primarily a trading and system integration operation, Jain said, noting profitability would remain in the single digits. Management described the venture as early stage and said the plan is conservative to assess market acceptance. On pricing, the company maintained fundamentals remain robust with reference pricing tied to import parity, and it said a significant portion of upcoming domestic solar glass capacity is intended for captive consumption, which will limit open market supply. Borosil indicated that new SG4 and SG5 furnaces are expected to be commissioned by the end of FY27 and that older SG1 and SG2 units will undergo planned refurbishment after the new lines start. Each furnace overhaul will require about 75 days of shutdown followed by roughly 15 days to restart production, creating a near 90 day interruption for any furnace taken offline. The company described its exposure to the US market as very limited and said domestic demand and pricing in India are the primary focus for now, though the US could become a meaningful market later. Management added that a temporary fuel surcharge introduced amid higher energy prices has begun to ease and that reductions will be passed to customers, with moderated fuel costs expected to protect profitability despite potential softening in average realizations.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

PMC Approves Rs 5.78 bn Waste Processing Contract

The Pune Municipal Corporation approved a Rs 5.7796 billion (bn) fifteen-year contract to process 500 metric tonnes (t) of waste daily at the Devachi Uruli depot and allowed unauthorised overhead cables to remain temporarily for one year subject to a fee. The decision was taken by the civic body to appoint a private operator for an integrated waste facility covering about 12 acres. The approval frames the contract as an operational arrangement with a fixed base rate and annual adjustments. The contract was awarded to Bhoomi Green Energy Envirocare LLP, which quoted Rs 772 per t, compared with ..

Next Story
Infrastructure Urban

Kerala High Court to Inspect Brahmapuram Waste Plant

Two judges of the Kerala High Court, Justice Bechu Kurian Thomas and Justice Gopinath P, will inspect the Brahmapuram waste management plant on 11 September as part of the suo motu proceeding on the plant's maintenance. The inspection was scheduled to allow the bench to assess conditions on site and to verify representations made by municipal and state authorities. The court listed the site visit during a hearing and directed officials to prepare for an on-site review. The bench instructed authorities to file a detailed report on the plant's present functioning ahead of the visit. It said the ..

Next Story
Infrastructure Transport

Ahmedabad Geetamandir Bus Port Terminal Two Ready with Airport Facilities

Ahmedabad’s Geetamandir Bus Port has completed a separate Terminal Two, which is ready to serve passengers travelling to Saurashtra-Kutch and North Gujarat. The facility has been developed with airport like facilities to improve passenger comfort and ease of travel. Deputy Chief Minister Harsh Sanghvi is scheduled to inaugurate the new terminal today. Authorities say the design focuses on smoother boarding and reduced congestion. Terminal Two will become operational from 13 August and is expected to handle 1,091 buses daily servicing routes to Saurashtra-Kutch and North Gujarat. The new arra..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement