That is indeed bad news. Borosil’s margins doubled from 7% in FY17 to 14% in FY18 only post imposition of ADD. I wonder if the ADD not getting extended is the begining of the end. I also wonder why the Government did not extend it even though DGTR recommended an extension. Isn’t RIL and Adani making their own solar glass. If not I wonder if they have influenced the Government to not impose duties to get glass cheaper from China?
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