Borosil Renewables to invest Rs 1,500 cr in two years to add capacity by 2.5 times
Borosil Renewables to invest Rs 1,500 cr in two years to add capacity by 2.5 times
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Borosil Renewables to invest Rs 1,500 cr in two years to add capacity by 2.5 times
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Shares of Borosil Renewables rose over 5 per cent today after the firm announced that its board has cleared buying of 100 per cent stake in Interfloat Group, Europe's largest manufacturer of solar glass and GMB Glasmanufaktur Brandenbur. Both companies are engaged in the business of solar glass.
With its acquisition of the Interfloat Group, BRL’s solar glass output will grow to 750 TPD from the current 450 TPD, an increase of 66 per cent, the company said in a regulatory filing.
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