BigBloc Construction’s wholly owned subsidiary -- Bigbloc Building Elements has commenced commercial production at its 5 lakh cubic meter per annum AAC Blocks plant at Wada in Palghar, Maharashtra. The company will be able to meet the growing demand of AAC blocks in Western India and strengthen its position in the markets including Maharashtra, Gujarat, Madhya Pradesh and Rajasthan with the commercial operation of the Wada plant. At full capacity, Wada plant is expected to generate revenues of Rs 200 crore per year and will employ around 350-400 people at the plant.
Total capex for the Wada project is estimated to be around Rs 70 crore for setting up 5 lakh cubic meter (cbm) per annum plant. The company has invested Rs 48 crore in the project so far for the commercial operations of Phase I. The company is eligible for 60% subsidy from the state government for the project and expects to generate 1 lakh units of carbon credits per annum from the Wada project.
Bigbloc Construction is engaged in the business of manufacturing of building blocks and AAC Bricks.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 11887.30 |
| Ambuja Cement | 458.95 |
| ACC | 1431.85 |
| Shree Cement | 25301.95 |
| Dalmia Bharat | 1972.55 |
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