Borosil Renewables - Bright as sunlight

Lots is talked about how other competitors are entering this space and will take market share away from BR. Below is a snapshot of all solar glass manufacturing capacity that will be added till FY25. 60%+ of this is BR increasing its own capacity.

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Further, BR doesn’t have a very large share of the market today anyways, imports still make a large chunk of this market. Growth and runway is long and plenty of room to grow for all scalable players in this market.

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