Borosil Renewables Share Price Jumps 10% After Government Extends Duty on Malaysian Solar Glass Imports

Borosil Renewables share price (NSE: BORORENEW) rose sharply on June 3 after the company welcomed the government's decision to continue imposing countervailing duty (CVD) on solar glass imports from Malaysia for another 5 years.

The announcement boosted investor sentiment, helping the stock gain nearly 10% during intraday trading.

Borosil Renewables Share Price Rallies Nearly 10%

Borosil Renewables shares climbed as much as 9.6% to an intraday high of ₹549.90 on the BSE.

At around 1:32 PM, the stock was trading 8.6% higher at ₹544.55 per share, outperforming the broader market, with the BSE Sensex down 0.69%.

Government Extends Countervailing Duty

The rally followed the Ministry of Finance's recommendation to continue the definitive countervailing duty on imports of solar glass, specifically textured tempered glass, from Malaysia.

According to the notification issued on June 2, 2026, the duty will remain in place for a period of 5 years.

The company said the move is aimed at addressing the impact of subsidised and dumped imports on domestic manufacturers.

Positive for Domestic Solar Glass Industry

Borosil Renewables believes the continuation of the duty will support India's solar glass industry by protecting domestic manufacturers from unfair competition.

The company also said the decision could encourage fresh investments in local manufacturing capacity and strengthen the country's renewable energy supply chain.

About Borosil Renewables

Borosil Renewables is one of the world's largest manufacturers of solar glass and is part of the Borosil Group, which has been involved in glass manufacturing for over 6 decades.

Its manufacturing facility in Bharuch, Gujarat, spans more than 100 acres and currently has a solar glass production and processing capacity of 1,000 tonnes per day (TPD), equivalent to around 6.5 GW annually.

Expansion Plans Underway

The company has expanded its global presence through the acquisition of Interfloat Corporation, one of Europe's largest solar glass manufacturers.

Following the acquisition, Borosil Renewables' combined solar glass capacity increased to 1,350 TPD.

The company is currently working on further expansion plans that could raise total capacity to approximately 1,950 TPD, equivalent to around 12.5 GW per year. 

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Well Positioned for Solar Growth

With India's focus on renewable energy and domestic manufacturing, Borosil Renewables is expected to benefit from rising demand for solar glass.

Its integrated manufacturing capabilities, growing international presence and ongoing capacity expansion position the company as a key player in the solar energy value chain.

Conclusion

Borosil Renewables shares gained nearly 10% after the government extended the countervailing duty on solar glass imports from Malaysia for another five years. Investors reacted positively to the development, pushing the stock sharply higher during the trading session.

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