It had later gave up various expansion plans as well as withdrew from loss making international operations.
Now once again, Company (BRL) seems to be hopeful of a brighter future; atleast in the short term.
It has communicated the following –
- Revenue target of Rs 2,800 cr by FY 28 compared to Rs 1,530 cr in FY 26 i.e., a growth of 83% over two years.
- This implies a CAGR of 34%, which is similar to 31% that it could manage in last 3 years.
- The growth is primarily expected to be from new capacity additions.
- The company plans to add 600 tonnes per day (TPD) of capacity through two new furnaces (300 TPD each), taking its total capacity from the current 1,000 TPD to 1,600 TPD (60% growth) by Q1 FY28.
Company is confident of demand for the expanded capacity due to a substantial mismatch between domestic solar glass demand and available manufacturing capacity.
India required about 11,000 TPD of solar glass in FY26, equivalent to around 71.5 GW of module manufacturing capacity, against domestic capacity of only 2,600 TPD or about 16.9 GW equivalent. It is estimated that the domestic solar glass capacity could increase to about 7,900 TPD, or 50 GW equivalent, by March 2027.
Even as domestic glass capacity rises, management expects the supply deficit to persist due to a surge in demand.