Exxaro Tiles Limited has informed the Exchange regarding 'on the solar plant for captive consumption our plant'.
EXXARO · price
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Exxaro Tiles is setting up a 5MW DC solar power project on a 25-year 4-month leased land at Gorol, Idar, Gujarat, to supply renewable energy to its Talod manufacturing plant. The plant currently uses about 21 million electricity units annually at an average cost of ₹9 per unit. The company expects the solar project to cut energy costs by roughly 30%, translating into annual savings of about ₹5.67 crore. This follows up on an earlier communication from May 2024 about the company's sustainability push. The project also supports the company's goal of reducing its carbon footprint.
Positive for shareholders — the project should meaningfully lower power costs at the Talod plant and improve operating margins once commissioned, while also strengthening Exxaro's ESG and sustainability profile. No short-term stock catalyst, but a steady cost-efficiency tailwind over the long run.