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Borosil Renewables German Arm Files for Insolvency

  • Borosil Renewables announced that its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, has filed for insolvency under the German Insolvency Code on July 4, 2025, due to deteriorating market conditions.
  • The subsidiary generated financial losses of approximately Rs 9 crore per month, which Borosil will no longer account for after the filing.
  • Chairman P Kheruka stated that the decision reflects confidence in India's solar manufacturing sector, where demand and policies are improving.
  • GMB's operations will now be managed by a court-appointed administrator in Germany, following the insolvency filing.
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In the end, Glasmanufaktur Brandenburg was against the superiority of subsidised goods from China without opportunity. After a decade and a half, GMB has to give up.

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Borosil Renewables German arm files for insolvency

·New Delhi, India
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NewsDrum broke the news in on Sunday, July 6, 2025.
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