# Borosil Renewables Plans B2C Push and Capacity Expansion After Years of Sluggish Returns

> Borosil Renewables has announced plans to enter the rooftop solar business and expand its production capacity, aiming to revive investor returns following years of sluggish stock performance.

**Type:** article · **Category:** Business · **Published:** 2026-09-17 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/business/borosil-renewables-plans-b2c-push-and-capacity-expansion-after-years-of-sluggish-returns-33058 · **Language:** English
**Tags:** Borosil Renewables, Solar Rooftop, Solar Energy, Pradeep Kumar Kheruka, PM Surya Ghar Yojana, Solar Glass, Stock Market

New Delhi. Shares of solar energy sector player Borosil Renewables have faced persistent downward pressure and sluggish movement over the past five years, but the company has now charted an aggressive strategy aimed at delivering stronger returns to investors in the future. Borosil Renewables has formulated an aggressive roadmap to enter the rooftop solar business, marking a direct strategic expansion into consumer-facing operations. Moving beyond just manufacturing solar glass, the company is now expanding its footprint into the branded distributed solar solutions market. Management expects this new business segment to contribute around 100 crore rupees to revenues in its very first operational year, which will serve as a pilot phase.

## Surging Demand and Government Clean Energy Schemes
Pradeep Kumar Kheruka, Chairman of Borosil Renewables, noted that there is massive demand for solar rooftop installations across India. Driven by the National Solar Mission and the Pradhan Mantri Suryodaya Yojana launched in February 2024, demand for residential solar rooftops has witnessed an extraordinary surge. The central government has set an ambitious target to connect 1 करोड़ homes with solar energy through rooftop installations by March of next year, and the company is strategically positioned to capture a major share of this expanding market.

## Rooftop Potential and Comprehensive Solutions
Data from the Council on Energy, Environment and Water alongside official government records indicate that India holds a massive solar power generation capacity of 796 gigawatts. The vast majority of this potential, amounting to 637 gigawatts, can be harnessed directly from residential rooftops, comprising 363 gigawatts in rural regions and 274 gigawatts in urban areas. Borosil Renewables is offering complete turnkey rooftop solar solutions to consumers, which encompass solar panels, inverters, and lithium-ion batteries. Among these components, the inverters and lithium-ion batteries are currently procured through imports. By handling sales, installation, and comprehensive after-sales services for these packages, the company is successfully venturing into a direct-to-consumer business model.

## Massive Capacity Scale-Up Through New Furnaces
The company has also officially announced plans to drastically scale up its manufacturing capacity. Borosil Renewables currently produces 1,000 tonnes of solar glass per day. With the installation of two new furnaces each having a capacity of 300 tonnes per day, the total manufacturing capacity will scale up to 1,600 tonnes per day. Management anticipates that this additional capacity will become operational between December of this year and March of next year, with the full financial impact materializing during the 2027-28 fiscal year. Kheruka stated that operating at full capacity utilization will drive an estimated 60% increase in company revenues. Presently, the company maintains an EBITDA of approximately 32%, and officials expect a substantial enhancement in EBITDA once the two new furnaces go live.

## Import Dependency and Historical Stock Performance
India remains heavily dependent on imports to meet its requirements for solar glass. The country imports roughly 8,500 tonnes of solar glass daily, whereas domestic production stands at a mere 1,700 tonnes. Given this wide deficit, the demand for Make in India solar glass is scaling up rapidly. A recent report by Jefferies highlighted that the three major industries driving the next phase of economic growth in India will be defense, aerospace, and solar power.

Meanwhile, the company's stock has faced prolonged downward pressure over the past several years. Over a five-year horizon, the stock has delivered a return of around 45 percent. Over the past three years, the return has been restricted to just 3 percent. Shorter-term metrics show a negative return of up to 10 percent over two years, a 19 percent decline over one year, and a 24 percent drop over a three-month period. Systematic Investment Plan returns have similarly reflected negative trajectories, showing a 26 percent decline over one year, a 13 percent drop over two years, and an 8 percent negative return over three years.

## What this means for you
This development carries significant implications for renewable energy investors and households looking to install residential rooftop solar systems.

- **Across India:** Driven by central government initiatives like the PM Surya Ghar free electricity scheme, residential solar demand is surging rapidly, helping households reduce their long-term power bills. The entry of major manufacturing players into direct-to-consumer rooftop solutions is expected to provide consumers with more comprehensive and integrated installation packages.
- **For Investors:** The stock has faced prolonged sluggishness over the past five years, but upcoming capacity expansions and new business segments could influence future financial performance. Investors should carefully analyze market fundamentals and company disclosures before making any financial commitments.

## Why this happened
The strategic shift by Borosil Renewables and the historical movement of its stock are driven by specific industry dynamics and broader market conditions.

- **Surging Demand and Government Targets:** Aggressive government clean energy initiatives and the national target to solarize one crore households by March of next year have created a massive addressable market for rooftop solutions.
- **Domestic Production Deficit:** A wide gap between heavy daily consumption of solar glass and relatively low domestic manufacturing output has necessitated an urgent scaling up of local production capabilities.
- **Prolonged Market Headwinds:** Over the past several years, sector-specific pressures and cyclical trends resulted in negative returns across various time horizons, prompting management to diversify into high-growth distributed solar solutions.

## Questions & Answers

### 1. What new business segment is Borosil Renewables entering?
The company has formulated an aggressive strategy to enter the branded distributed rooftop solar solutions business.

### 2. What revenue contribution is expected from the new business in its first year?
The company expects the new business segment to contribute 100 crore rupees in its first operational pilot year.

### 3. Who is the Chairman of Borosil Renewables?
Pradeep Kumar Kheruka serves as the Chairman of Borosil Renewables.

### 4. What is India's total estimated solar power generation potential?
Data indicates that India holds a total solar power generation potential of 796 gigawatts.

### 5. To what level will the company expand its daily solar glass production capacity?
With the installation of two new furnaces, manufacturing capacity will increase from 1,000 tonnes per day to 1,600 tonnes per day.

### 6. What has been the stock's return over the past five years?
Over the past five years, the company has delivered a return of around 45 percent.

---
_TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._