A heat exchanging wall including a base member made of a material comprising graphite as its principal component and a resin as a binder, and a thin outer coat member made of similar material as the material for the base member and applied to one surface of the base member. The material for the base member is cast in a mold having a finely ribbed inner wall surface so that the base member may be formed in such one surface thereof with fine linear grooves. Portions of the thin outer coat member corresponding in position to the grooves in such one surface of the base member are formed with a multitude of small apertures. The heat exchanging wall constructed as aforementioned has high corrosion-resistant characteristics and high heat transfer capabilities, so that the wall is resistant to all corrosive fluids.