Key Points
- Borosil Group aims for ₹7,000 crore in revenue within four years.
- They’re investing ₹250 crore for expansion and a new plant in Gujarat.
- Competition from Chinese companies in solar glass is tough.
- Urban folks are switching from plastic to glassware, driving up sales.
Looma News
Borosil Group is eyeing a massive revenue boost to ₹7,000 crore in just four years. How are they gonna do it? By ramping up growth in their glassware, lab gear, and solar glass products.
Shreevar Kheruka, the Executive Vice Chairman, has some exciting plans. They’re set to invest ₹250 crore to increase production capacity, with a good chunk going into a new plant in Gujarat for glassware and cookware. Plus, they’re looking to enhance efficiency at their Jaipur unit with another ₹100 crore.
Future Investments and Challenges
Borosil’s revenue has soared from about ₹950 crore to a projected ₹3,500 crore in FY25. Quite a leap! But Kheruka notes the next five years might get tricky due to fierce competition from Chinese firms offering solar glass at super low prices.
Despite these challenges, Borosil is feeling optimistic. They think their solar division can double output if the right policies come through. Plus, with more people ditching plastic for glassware, they see a great opportunity. Kheruka is even exploring investments in insulated steel bottles as another eco-friendly option!
While there are a few bumps ahead, Borosil Group is all in for sustainable growth and expanding their product lines.
