Borosil Renewables' German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, filed for insolvency, freeing resources for Indian operations. GMB ran a 350 TPD (350 tons of solar glass daily) solar glass plant but faced losses as Chinese modules flooded Europe. Borosil provided €27 million (~$ 31.66 million) in support, but losses continued at INR 9 crore (~$ 1.04 million) monthly. A court-appointed administrator is now managing GMB. Borosil’s exposure to German units stood at €35.3 million (~$ 41.39 million)as of March 2025. Following the news, Borosil shares rose 6 per cent to INR 526.5, before settling 3 per cent higher at INR 511.7 on the BSE. In India, Borosil is investing INR 950 crore (~$ 110.4 million) to expand solar glass capacity by 600 TPD (600 tons of solar glass daily), supported by growing domestic demand.