Exxaro Tiles Limited has informed the Exchange regarding 'Company Update Installation of 3.8 MW DC Solar Power Project with Auto Tracker High Yield Solar Panel for captive consumption of electricity for our padra plant'.
EXXARO · price
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Exxaro Tiles is setting up a 3.8 MW DC solar power project on a 25-year, 11-month leased land in Rozva, Galteshwar, Gujarat, to supply captive renewable energy to its Padra manufacturing plant. The Padra plant consumes about 11 million electricity units per year at an average cost of ₹9 per unit. The company expects the solar project to cut energy costs by around 30%, translating to annual savings of roughly ₹3.50 crore. This is a continuation of an earlier announcement from May 2024, with the project now progressing to the installation stage. Exxaro operates two plants (Talod and Padra) with a combined capacity of about 1.46 crore square metres of tiles per annum and exports to over 15 countries.
Positive for shareholders — the project should reduce the company's electricity expenses and improve margins at the Padra plant, while supporting sustainability goals. However, the actual capex cost is not disclosed, and the project is not yet commissioned, so near-term stock impact is likely limited.