| <p>Borosil Renewables Limited informed the BSE and National Stock Exchange on Friday, September 22, 2026, that its board approved a revised project cost estimate of up to Rs 1100 crores and an updated commissioning timeline of March 2027 for the expansion of the company’s production capacity from 1,000 TPD to 1,600 TPD at Bharuch, Gujarat. The project, initially slated for completion by December 2026 and budgeted at Rs 950 crores, has faced delays and increased costs of Rs 150 crores due to ongoing conflict in the Middle East, which has disrupted supply chains and increased commodity costs; the additional outlay will be met through internal funds. The company also noted eligibility for financial incentives under the Viksit Gujarat Industrial Policy – 2026, including Interest Subsidy, Power Tariff Subsidy, Capital Subsidy, and EPF Reimbursement, as notified by the Government of Gujarat.</p> |