Exxaro Tiles announces expansion of Manufacturing Facility

Exxaro Tiles Ltd has announced the expansion of existing manufacturing facility situated in Unit-2 at Talod, Gujarat. The Company has purchased a "SACMI CONTINUA" Technology based Press, admeasuring 1600mm x 3200mm imported from ITALY to manufacture large glazed vitrified tiles / slabs. Total capex for the expansion would be approximately INR 30 Crores. Notably, the Talod manufacturing facility is the largest manufacturing plant of glazed vitrified tiles under single roof in India.

The new installation will apply the best latest available technology and manufacturing process in terms of industrial performance, safety and respect for the environment. Expanded product categories would enable the Company to further strengthen brand "EXXARO".

The investment is fully in line with company's strategic plan to improve operating efficiencies and growth plan through technology enhancements alongside state-of-the-art manufacturing infrastructure. The new installation will manufacture large size glazed vitrified tiles/slabs admeasuring 9mm/20mm with thickness in various sizes of 800*2400, 800*3000, 800*3200,1000*2000.

Currently, the company has two state-of-the-art manufacturing facilities which are located at Padra and Talod respectively in Gujarat. The new large sized tiles / slabs manufacturing is expected to be commenced in the first quarter of FY 2022-23. The new installation, coupled with the existing setup, is capable of doubling the Company's output (in value terms), at optimum level.

Shares of Exxaro Tiles Ltd was last trading in BSE at Rs. 127.50 as compared to the previous close of Rs. 129.05. The total number of shares traded during the day was 7831 in over 286 trades.

The stock hit an intraday high of Rs. 131.10 and intraday low of 126.40. The net turnover during the day was Rs. 997521.00.

Source : Equity Bulls

Keywords

ExpansionProject ExxaroTiles INE0GFE01018 Tiles Flooring VitrifiedTiles Slabs