Board of Borosil Renewables considers revision in cost and commissioning of third furnace

14 Jul 2022 , 06:21 PM

The Board of Borosil Renewables at the meeting held on 14 July 2022 noted the revised cost of Rs.688 crore from earlier Rs.600 crore in respect of the Companys third furnace i.e. SG-3 being installed at its manufacturing facility in Bharuch, Gujarat with capacity of 550 Tonnes Per Day (TPD). The Board also took note of the delay in commissioning of the said furnace, as a result of multiple factors including rupee depreciation, exceptional increase in the prices of Commodities, electronic products and ocean freight rates. The SG-3 furnace, which was expected to be commissioned by July 2022, is now expected to be commissioned by October 2022. Powered by Capital Market – Live News