Borosil Group expects to cross Rs 7,000-crore revenue mark in 4 years

Quick Summary:

Borosil, which operates in glassware, laboratory equipment and solar glasses, is expecting to double its revenue to Rs 7,000 crore in the next four years, led by double-digit growth from across its business verticals, its Executive Vice Chairman Shreevar Kheruka has said.

It plans to invest Rs 250 crore for expansion and capacity augmentation to meet the demand, in which it intends to invest about Rs 150 crore on a new plant in Gujarat for Borosil Ltd, which is in the business of products such as glassware and cookware, said Kheruka.

The Kheruka-family promoted Borosil Group, which operates with three listed entities under its fold -- Borosil Ltd, Borosil Renewables Ltd, and Borosil Technologies Ltd -- expects to reach a revenue close to Rs 3,500 crore in FY25.

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Category: BusinessFinance

Markets: India

Topics: Borosil Borosil Group Glassware Borosil Glass works Solar glass

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-20 @ 13:29:10 (16 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 689 words

Reading Time: 4 minutes read

Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 23132432

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