BigBloc Construction has completed phase II of its manufacturing plant in Wada, Maharashtra, doubling its capacity from 250,000 to 500,000 cubic metres of aerated autoclaved concrete (AAC) products. This expansion supports the growing demand for sustainable construction materials and aligns with India's green building goals. BigBloc is also installing a 625KW rooftop solar plant to reduce its carbon footprint. Additionally, the company is investing INR 65 crore in a new facility in Kheda, Gujarat, aiming to produce another 250,000 cubic metres of AAC annually. These moves highlight BigBloc's commitment to sustainability and its potential for growth in the construction materials sector.
BigBloc Construction, a leading manufacturer of aerated autoclaved concrete (AAC) products, has made significant strides with the completion of phase II of its manufacturing plant in Wada, Maharashtra. This expansion is a strategic move for the company, effectively doubling its manufacturing capacity from 250,000 to 500,000 cubic metres of AAC blocks, bricks, and panels. This enhancement positions BigBloc to better meet the growing demand for sustainable construction materials in India.
The expansion aligns with India's broader goals of promoting green building practices and reducing carbon emissions in the construction sector. AAC blocks are known for their lightweight, energy efficiency, and cost-effectiveness, making them an increasingly popular choice among builders and developers. In addition to the increased capacity, BigBloc's initiative to install a 625KW rooftop solar plant at the Wada facility further underscores its commitment to sustainability. By harnessing solar energy, the company aims to reduce operational costs and its overall carbon footprint.
BigBloc Construction's recent actions also indicate strong confidence from its promoters. The company reported that its promoters acquired over 134,000 equity shares in the open market, increasing their total holding to 72.51%. This investment reflects the promoters' belief in the company's growth potential and stability in the expanding construction materials sector. With a current total of over 10.26 crore shares, this reinforces the strong backing necessary for BigBloc to pursue its ambitious plans.
Not stopping at the Maharashtra plant, BigBloc is also investing approximately INR 65 crore in a new manufacturing facility located in Kheda district, Gujarat. This facility is set to produce an additional 250,000 cubic metres of AAC blocks and walls per year. When fully operational, the Kheda plant is projected to generate annual revenues of around INR 100 crore. The company plans to further enhance this facility in a second phase to reach a total capacity of 500,000 cubic metres annually.
The expansion strategy of BigBloc Construction is part of a larger trend in the Indian construction industry, which is increasingly focusing on sustainable and efficient building materials. The demand for AAC products is expected to rise given the government's push for affordable housing and infrastructure development under various initiatives like the Pradhan Mantri Awas Yojana (PMAY). This positions BigBloc favourably as it aligns its manufacturing capabilities with government objectives, ensuring a strong market presence.
In conclusion, BigBloc Construction is not only expanding its manufacturing capabilities but also committing to sustainable practices that resonate with market demands and governmental policies. As the construction industry in India continues to evolve, investments like those from BigBloc are vital in shaping a more sustainable future for building practices across the country.
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