New Delhi, Jul 7 (PTI) Borosil Renewables on Monday announced that its German subsidiary GMB Glasmanufaktur Brandenburg GmbH has filed for insolvency under German Insolvency Code (InsO) before the jurisdictional court at Cottbus.
Borosil Renewables Ltd is listed on the BSE as well as the NSE.
The decision follows a prolonged period of deteriorating market conditions in the European solar manufacturing ecosystem and reflects the company’s intent to sharpen strategic focus on the rapidly growing Indian solar sector, the company said in a statement.
Borosil Renewables Ltd has announced that its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, has filed for insolvency under German Insolvency Code (InsO) before the jurisdictional…