Archive · 28 Nov 2025
Borosil Renewables Receives Rs 14.21 Crore Subsidy
Borosil Renewables, a company that makes glass, got Rs 14.21 crore from the government to help them grow.
This is part of a special program to support businesses.
The company has received a total of Rs 106.53 crore in the last two years.
Recently, they also reported a big increase in their profits and sales for the second quarter of the financial year 2026.
Their profits went up to Rs 45.8 crore, and their sales were Rs 378.4 crore.
However, their share price went down by 2% after this news.
Borosil Renewables received a Rs 14.21 crore subsidy from MEITY for expansion.
The subsidy is part of the Modified Special Incentive Package Scheme.
Total subsidies received by Borosil from MEITY in the past two years amount to Rs 106.53 crore.
Borosil reported a consolidated net profit of Rs 45.8 crore for Q2FY26, up from Rs 12.6 crore in the same period last year.
The company's revenue from operations for Q2FY26 was Rs 378.4 crore, nearly 43% higher than Q2FY25.
- Who
- Borosil Renewables
- What
- Received a capital subsidy of Rs 14.21 crore from MEITY
- When
- November 27, 2023
- Where
- India
- Why
- For expansion under MEITY’s Modified Special Incentive Package Scheme
- Subsidy Amount
- Rs 14.21 crore
- Subsidy Source
- Ministry of Electronics and Information Technology (MEITY)
- Subsidy Scheme
- Modified Special Incentive Package Scheme
- Total Subsidies in 2 Years
- Rs 106.53 crore
- Q2FY26 Net Profit
- Rs 45.8 crore
- Q2FY26 Revenue
- Rs 378.4 crore
- Q2FY26 EBITDA
- Rs 124 crore
- Share Price (Nov 28)
- Rs 581.05