Exxaro Tiles Installs 3.8 MW Solar Project, Targets ₹3.50 Crore Annual Savings
Exxaro Tiles Limited has successfully installed a 3.8 MW DC solar power project at Rozva, Gujarat, designed to serve its Padra manufacturing plant with expected annual savings of ₹3.50 crore through 30% energy cost reduction. This initiative follows the company's previous clarifications against misinformation and demonstrates its commitment to sustainability and operational efficiency.
*this image is generated using AI for illustrative purposes only.
Exxaro Tiles Limited has announced the successful installation of a 3.8 MW DC solar power project, marking a significant step in the company's sustainability initiatives. This development comes after the company previously addressed misinformation regarding its solar projects and other business activities.
Latest Solar Project Details
The company has provided comprehensive details about its new solar power initiative:
| Project Aspect: | Details |
|---|---|
| Capacity: | 3.8 MW DC |
| Location: | Survey No. 407, Village Rozva, Taluka Galteshwar, District Kheda, Gujarat |
| Lease Duration: | 25 years and 11 months |
| Purpose: | Meet electricity requirements of Padra manufacturing plant |
| Expected Annual Savings: | Approximately ₹3.50 crore in electricity costs |
| Cost Reduction: | 30% reduction in energy costs |
| Annual Energy Requirement: | 11 million units |
Previous Solar Initiative
Earlier, the company had announced a different solar project with the following specifications:
| Previous Project Aspect: | Details |
|---|---|
| Capacity: | 5 MW DC |
| Location: | Gorol, Idar, Gujarat |
| Lease Duration: | 25 years and 4 months |
| Expected Annual Savings: | Approximately ₹5.67 crore in electricity costs |
| Purpose: | Meet electricity requirements of Talod manufacturing plant |
Addressing Misinformation
The company had previously issued clarifications against misleading claims made in a YouTube video, categorically rejecting several false statements including incorrect annual savings figures and unauthorized market expansion claims. Exxaro Tiles emphasized its commitment to transparency and compliance with SEBI regulations, ensuring all material information is disseminated through official channels.
Manufacturing Capabilities
Exxaro Tiles operates two state-of-the-art manufacturing facilities with a combined installed capacity of 1,46,00,000 sq. meters per annum. The company specializes in producing double charge vitrified tiles, glazed vitrified tiles, polished glazed vitrified tiles, wall tiles, ceramic products, and big format slab tiles.
Market Presence
The company maintains a strong pan-India presence through a robust distribution network of over 2,000 dealers and six display centres. Internationally, Exxaro Tiles exports to more than 15 countries including the United States, Canada, African continent, Gulf countries, Indonesia, Vietnam, Mexico, and Nepal.
This solar project initiative reinforces Exxaro Tiles' commitment to environmental responsibility and operational efficiency, contributing to both cost savings and carbon footprint reduction while aligning with national and global sustainability goals.
Historical Stock Returns for Exxaro Tiles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.71% | -4.78% | -7.80% | -9.60% | -13.31% | -47.32% |
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