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Borosil Renewables stock hits 5% lower circuit after Q3 results 2025, slides to 10-week low

Shares of Borosil Renewables, a leading solar glass manufacturer and a subsidiary of the Borosil Group, were locked in the 5% lower circuit in early morning trade on February 17, hitting a 10-week low of ₹472.45 apiece after investors reacted negatively to the company's December quarter results. The company stated that all major export markets are witnessing lower demand due to limited local manufacturing, as cheap modules imported from China dominate installations. Borosil Renewables, India's first producer of solar glass, plays a key role in manufacturing low-iron, textured solar glass used in solar photovoltaic modules for the power sector. The Indian government's ambitious goal of achieving 280 GW of solar power installations by 2030, along with initiatives like the imposition of BCD, the Production-Linked Incentive scheme, and a preference for domestic solar modules, is driving continued growth in demand for solar glass in India.

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