India-based Borosil Renewables announced a 50% expansion of its solar glass manufacturing capacity, a key component in photovoltaic solar panels. The company’s Board of Directors approved the plan for December 18, 2024, following the Ministry of Finance’s December 4, 2024 notification of a Reference Price for imports. The Reference Price, set at $673–$677 for imports from China (approximately Rs 143 per mm/square meter at the container yard), aims to counteract low-cost imports from China and Vietnam. With this expansion, Borosil’s manufacturing capacity will increase from 1,000 tons per day to 1,500 tons per day. The Reference Price will serve as a minimum threshold for import prices and support the company’s ability to proceed with its expansion.
Borosil expands solar glass production under new import rules
Borosil expands solar glass capacity to counter low-cost imports and meet growing demand. (Image Credit/Source: MRGanso/Pixabay)
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(Image Source: IRENA)