Borosil Limited announced for setting up of Borosilicate 3.3 expansion tubing furnace at the Company's plant in Bharuch, Gujarat, for a total project cost of approx. INR 100 crore. This project was approved for in-house manufacturing of glass tubing (a primary input material for Company's scientific products) and to reduce sourcing from the external parties.

As part of the continuous review of Company's expansion strategies, from the viewpoint of cost /time effectiveness of the projects and /or availability of other avenues, the proposal of setting up of the Company's own tubing furnace is under evaluation and has been put on hold. This has no impact on the Company's operations as it continues to source the required glass tubing from the external parties.