Board of Borosil Renewables approves revised capex plan for fourth furnace

14 Jul 2022 , 06:24 PM

The Board of Borosil Renewables at the meeting held on 14 July 2022 noted the revised cost and capacity addition of Rs.1400 crore for 1100 TDP from earlier Rs.650 crore for 550 TDP in respect of the Companys fourth furnace i.e. SG-4 being installed at its manufacturing facility in Bharuch, Gujarat. The Board noted that considering the market scenario, it has been proposed to merge SG-5 project with SG-4 project. This will lead to higher production and better efficiencies, due to a larger furnace. While there is an increase in estimated cost, there will be additional production. The SG ? 4 is expected to be commissioned during the Second quarter of the financial year 2024-25. Powered by Capital Market – Live News