- Indian ceramic industry has been growing exponentially in the last couple of years. The industry has seen a shift from unorganized to organized, a widening share of glazed vitrified tiles and polished glazed vitrified tiles, growing global penetration of large slabs, and innovation to manufacture products suitable for a global market. Exxaro Tiles company is promoted by Mukeshkumar Patel, Dineshbhai Patel, Rameshbhai Patel, and Kirankumar Patel.
- Vitrified tiles maker Exxaro Tiles shares closed with a 10.21 percent premium at Rs 132.25 on the BSE and gained 10.25 percent to settle at Rs 132.30 on the National Stock Exchange on its stock market debut
- The Rs 161.09-crore public issue of Exxaro Tiles was subscribed more than 22 times. The offer comprised a fresh issue of Rs 134.23 crore by the company and of which the net proceeds are going to be utilized for working capital.
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