Borosil Renewables shares touched a day high of Rs 489.70 on Tuesday, after the company raised its Bharuch expansion budget to Rs 1,100 crore.

Here is what happened. Borosil Renewables told the exchanges that its board has approved a revised cost of Rs 1,100 crore for the ongoing 600 TPD capacity expansion at its Gujarat plant, up from the earlier estimate of Rs 950 crore.

The additional Rs 150 crore will come entirely from internal funds, with no fresh borrowing involved.

The company pointed to the ongoing conflict in West Asia as the reason behind the higher cost.

It said the situation has disrupted supply chains, pushed up commodity prices and caused currency swings, all of which added to the project expense.

The expansion itself involves building two new furnaces, SG-4 and SG-5, each with a capacity of 300 tonnes per day.

Once ready, these will take the company’s total glass manufacturing capacity from 1,000 TPD to 1,600 TPD.

The company said its existing capacity is already running at full utilisation, so the new lines are meant to support fresh production volumes and sales.

The timeline has also shifted, with commissioning now expected by the end of March 2027 instead of December 2026. Borosil Renewables first disclosed this expansion plan back in May 2025.

More recently, the Gujarat government notified its Viksit Gujarat Industrial Policy 2026 earlier this month, under which the company can now apply for benefits like interest subsidy, power tariff support and capital subsidy.

As of 13:42 pm on Tuesday, Borosil Renewables was trading at Rs 475.65 on the NSE, up 0.40% for the day. The stock has had a rough year, down more than 23% over the past twelve months.

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