Exxaro Tiles Sets Bold Course with ₹12 Crore Saving 15 MW Captive Solar Project
Exxaro Tiles invests in a 15 MW captive solar plant, aiming to save ₹12 crore annually and boost sustainability. This move aligns with green goals, operational excellence & future-proof manufacturing
New Delhi [India], July 1 : Exxaro Tiles Ltd. has taken a major step forward in its growth strategy with the announcement of a 15 MW captive solar power plant. This forward-looking investment is projected to save the company approximately ₹12 crores annually in energy costs while advancing its sustainability leadership.
The solar plant will generate over 2.25 crore units of clean power each year, replacing a large share of grid electricity and ensuring reliable, cost-efficient energy for Exxaro’s expansive manufacturing operations.
Mr. Bharat Aghara, CEO of Exxaro Tiles, described the project as central to the company’s strategy:
“This move marks a significant step in our journey towards sustainable manufacturing. The 15 MW solar plant not only supports our green goals but also creates a long-term cost advantage for our business.”
Key elements of Exxaro’s strategy reflected in this initiative include:
- Operational Excellence: Reduced energy costs, improved margins, and reliable power supply.
- Environmental Stewardship: Over 18,000 metric tons of CO₂ emissions avoided annually—equal to planting 8 lakh trees.
- Future-Proofing: Compliance with evolving regulations and alignment with customer sustainability expectations.
- Financial Discipline: Investment in assets with predictable returns and potential government incentives.
Construction will commence in Q3 FY2025 with a targeted commissioning window of 12 months. The project will deploy state-of-the-art solar technology, including tracking systems to maximize generation efficiency.
Industry analysts say Exxaro’s move demonstrates effective leadership that balances financial prudence with sustainability imperatives. By reducing exposure to volatile grid tariffs and carbon risk, the company is securing its competitiveness in the domestic and international markets.
The initiative also aligns with broader market trends. As global supply chains prioritize sustainability, companies with demonstrable ESG commitments gain a competitive edge, unlock green financing opportunities, and build stronger stakeholder trust.
With its latest investment, Exxaro Tiles sends a clear signal to the industry: sustainable manufacturing is not only an environmental necessity but also a strategic business advantage—one that will define the next era of industrial leadership.
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