Asahi is just a technology partner to Vishakha Renewables as far as I know and they won’t be direct competitor to Borosil Renewables.
After removal of ADD on imports of Solar Glass, companies which are foraying into solar glass with small scale will find it difficult to compete with an established company such as Borosil.
Margins for Borosil should sequentially (qoq) improve as guided by the management while balance sheet should be watched very carefully.
D- Invested ; had trimmed some positions earlier.
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