Borosil Renewables witnessed an 8% rise in its share price following the Indian government's decision to extend the countervailing duty on imports of textured tempered glass from Malaysia.
This move aims to protect the domestic industry from subsidised imports.
The Indian government announced the extension of the countervailing duty on Malaysian textured tempered glass for an additional 5 years.
This decision, published in an official gazette by the Ministry of Finance, is based on a review that indicated the potential for continued subsidisation if the duty were withdrawn, which could adversely affect the domestic industry.
The duty applies to textured toughened (tempered) coated and uncoated glass with a minimum light transmission of 90.5%, thickness not exceeding 4.2 mm, and at least one dimension exceeding 1,500 mm.
This type of glass is also known as solar glass, solar PV glass, high transmission photovoltaic glass, and heat strengthened glass.
The notification specifies differentiated duty rates based on the producer. Xinyi Solar (Malaysia) Sdn. Bhd. and SBH Kibing Solar New Materials (M) Sdn. Bhd. are subject to an individual countervailing duty rate of 9.71% of the CIF value.
Other producers from Malaysia, or those exporting through Malaysia, will face a higher duty of 10.14%.
To benefit from the lower individual rates, importers must present a valid commercial invoice with a signed declaration from the exporting entity, certifying that the goods were manufactured at the specified facility in Malaysia.
As of June 03, 2026, at 9:53 AM, Borosil Renewables share price on NSE was trading at ₹544.55 up by 8.62% from the previous closing price.
The extension of the countervailing duty on Malaysian textured tempered glass imports has led to a significant rise in Borosil Renewables' share price. This measure is intended to safeguard the domestic industry from subsidised imports, ensuring fair competition in the market.
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Published on: Jun 3, 2026, 10:30 AM IST
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