Sturdy rally of 9% in Exxaro Tiles, preparations to lift funds for establishing 15MW solar energy mission – INA NEWS

Share Discover Tiles: Shares of Exxaro Tiles Restricted witnessed a spectacular rise of greater than 9 p.c in the present day on January 15. This inventory closed at Rs 9.76 on BSE with a acquire of 9.05 p.c. The corporate has introduced that its board assembly will likely be held on February 08, 2025, to approve the corporate’s earnings for the quarter and 9 months ending December 31, 2024. Together with this, the corporate can be planning to lift funds. With in the present day’s rise, its market cap has elevated to Rs 436.67 crore.

Exxaro Tiles will elevate funds

Exxaro Tiles stated it can additionally take a call on this assembly on the way in which to lift funds for establishing a 15 MW solar energy mission, which was authorized by the board on Could 28, 2024. It goals to fulfill the vitality wants of the corporate’s manufacturing crops at Talod (10 MW) and Padra (5 MW) by inexperienced vitality. The arrival of the solar energy plant for captive consumption is predicted to considerably scale back the annual energy expenditure for the corporate, which is predicted to spice up income and scale back gasoline dependence.

Exxaro Tiles enterprise and inventory efficiency

Exaro Tiles is a number one identify within the ceramic tiles trade, providing essentially the most modern vary of tiles since 2013. By way of its two predominant product classes – Double-Charged Vitrified Tiles and Glazed Vitrified Tiles, it supplies engaging and long-lasting vitrified ground tiles. Domestically, the corporate has a presence throughout India (27 states) and internationally, the corporate provides merchandise to greater than 13 international locations together with Poland, UAE, Bosnia.

Exxaro Tiles shares have a 52-week excessive of Rs 12.40 and a 52-week low of Rs 7.60. The corporate’s shares have fallen by about 15 p.c within the final 5 buying and selling days alone. The inventory has given returns of about 10 p.c within the final 6 months.

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