Borosil Glass Works Ltd. (BGWL) (BSE: 502219) is a glassware company based in Gujarat, India. The company is one of the largest glassware producing companies in India with a significant presence in USA, Netherlands and in India.
Borosil is the market leader for laboratory glassware and microwavable kitchenware in India. It was established in 1962 in collaboration with Corning Glass Works USA. In 1988, Corning divested its share holding to the current Indian promoters.
Indian glass industry
The net worth of the Indian glass industry is around $2.7 billion. Growth in use of glass is expected in the construction (9%), automotive (19%), consumer goods (10-12%) and pharmaceuticals (12-15%) sectors in next few years. The Indian container glass industry currently estimated to be worth US$1 billion and this sector is expanding with a growth rate of approximately 12%. Borosil is the market leader for laboratory glassware and microwavable kitchenware in India.
The company's products include laboratory glassware, instruments, disposable plastics, liquid handling systems and explosion-proof lighting glassware for the education sector and for industries including microbiology, biotechnology, photoprinting, process systems and lighting.
- Use of rainwater harvesting since 2003.
- 48% of all the firm's electricity consumption comes from wind energy.
- Guesthouses and colonies are supplied by water heated using the company’s Borosolar water heating systems.
- Other energy efficient measures include advanced waste heat recovery systems and solar lighting.
- A large 9-hole par-36 golf course maintained using the water from rainwater harvesting.
- Meets Indian and stringent EU pollution norms.
- BSE India
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