Exxaro Tiles Limited has captured investor attention as its share price hit the upper circuit limit of 5% on the NSE, touching ₹9.27 as of 9:20 AM. This surge followed the company’s latest update about the successful installation of a 5MW solar power project aimed at powering its Talod manufacturing facility.
Exxaro Tiles Limited has officially announced the installation of a 5MW DC solar power project at Gorol in the Idar region of Gujarat. The plant is set up on leased land for a period of 25 years and 4 months and will cater to the captive energy needs of Exxaro’s Talod manufacturing unit. This plant currently consumes approximately 21 million electricity units every year.
The company expects this solar initiative to significantly reduce its energy costs and carbon footprint. The installation is part of Exxaro’s long-term plan to align operations with global sustainability goals.
According to the company’s estimates, the solar power project is expected to reduce electricity costs by nearly 30%, translating to annual savings of around ₹5.67 crore. Currently, the Talod facility incurs an average energy cost of ₹9 per unit. By switching to solar energy for captive consumption, the plant stands to benefit both economically and environmentally.
This strategic move will not only enhance Exxaro’s operational efficiency but also improve its sustainability profile at a time when clean energy adoption is increasingly becoming a core business imperative.
Commenting on the development, Mr Mukeshkumar B. Patel, Managing Director of Exxaro Tiles Limited, stated that the project underscores the company’s dedication to cost efficiency and environmental responsibility. He added that this milestone is a step forward in aligning Exxaro’s business with national and global clean energy goals.
This installation further strengthens Exxaro’s identity as a responsible manufacturer in the tiles sector, blending cost-consciousness with eco-friendly innovation.
Founded in 2008 and headquartered in Ahmedabad, Exxaro Tiles Limited is a leading player in the Indian vitrified and glazed tiles industry. The company specialises in:
Its two major production facilities are located in Talod (Sabarkantha district) and Padra (Vadodara district) in Gujarat, with a combined installed capacity of 1.32 crore square metres annually. These facilities incorporate advanced automation and environmentally conscious practices.
Exxaro Tiles boasts a pan-India presence through over 2,000 dealers and 6 display centres across key cities. Internationally, the company exports to more than 15 countries, including the United States, Canada, several African nations, Gulf countries, Indonesia, Vietnam, Mexico and Nepal.
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Exxaro Tiles share price was locked at the upper circuit limit of 5% on the NSE, touching ₹9.27 as of 9:20 AM on July 1, 2025.
Published on: Jul 1, 2025, 10:10 AM IST
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