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Borosil Renewables Ltd.

BSE: 502219 Sector: Industrials
NSE: BORORENEW ISIN Code: INE666D01022
BSE 15:09 | 28 Nov 543.00 0.65
(0.12%)
OPEN

542.35

HIGH

548.40

LOW

541.25

NSE 14:59 | 28 Nov 541.50 -0.90
(-0.17%)
OPEN

542.40

HIGH

549.45

LOW

540.95

OPEN 542.35
PREVIOUS CLOSE 542.35
VOLUME 7085
52-Week high 833.00
52-Week low 511.20
P/E 48.35
Mkt Cap.(Rs cr) 7,081
Buy Price 542.50
Buy Qty 10.00
Sell Price 542.80
Sell Qty 4.00
OPEN 542.35
CLOSE 542.35
VOLUME 7085
52-Week high 833.00
52-Week low 511.20
P/E 48.35
Mkt Cap.(Rs cr) 7,081
Buy Price 542.50
Buy Qty 10.00
Sell Price 542.80
Sell Qty 4.00

Borosil Renewables Ltd. (BORORENEW) - Chairman Speech

Company chairman speech

Pradeep Kumar Kheruka

Solar energy has today become the most affordable electrical energyavailable to anyone. It is not surprising that its adoption is growing rapidly across theworld. From application on domestic rooftops to large solar parks it is equallyattractive. Large water bodies such as lakes accommodate floating solar projects.Cutting-edge technology has also been used to make solar modules to float in the oceanproviding power to the Islands. The features most sought after in solar modules and theircomponents are the cost of power reliability quality and efficiency. A Never-endingstream of innovations and improvements continues to make solar modules more efficientbringing down the cost of power.

As a leading global solar glass manufacturer Borosil Renewables hasoverseen the transition of solar energy from an expensive option to the most desirablesource of generation of electricity. We are witnessing an exponential surge in demand innot only India but across the world. This presents an unprecedented growth opportunity forus. We have chalked out an expansion plan which will take us from today's capacity of 450TPD (tones per day) to 1000 TPD by October 2022 and 2100 TPD by FY 2024-25 in India. Wehave also executed an agreement to acquire 100% shares of Interfloat group which is thelargest manufacturer of solar glass in Europe with an operational manufacturing capacityof 300 TPD in Germany. There is already a plan in place to increase the capacity at theGerman plant to 500 TPD tentatively by Q3 CY23.

In this journey we have made the world's first Antimony-free solarglass reduced the use of wood in the packaging of solar glass etc. We have been usingwind energy from our windmill and are in the process of developing a 10 MW wind-solarpower plant for our captive consumption of renewable energy. We have developed‘Shakti' (a high-performance solar glass in the matt-matt finish) Selene(Anti-glare solar glass for solar applications near the airports) and the world's 1stfully tempered solar glass in 2mm thickness which is an essential component for theworld's most efficient solar modules. These testify to the BOROSIL team's effortto understand and meet exciting and evolving customer requirements. Our ongoing R&Defforts are focused to deliver new products that are not only high-quality andhigh-efficiency but also cost-efficient and we shall be glad to share these developmentswith you at an appropriate time.

While we achieve the rapid growth as planned our top priority will beto strive to make our production process even more carbon-efficient and green than it isnow. Although we already operate one of the most carbon-efficient productions in theworld there is a strong focus within the company on this area which continues unabated.Our next focus is to face the future where the emphasis is on a circular economy. We aimto make our business sustainable for years to come. This will involve innovating ouroffering of products and services designed to cater to the evolving needs of our customerswhile simultaneously working on our ESG journey roadmap.

Sustainability is an integral part of our business and will continue tobe a key business driver for Borosil Renewables in the future.

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