Bigbloc Construction completes major expansion; Plant at full capacity

BSE & NSE listed Bigbloc Construction Limited, leading manufacturers of building materials including AAC (Autoclaved Aerated Concrete) Blocks (Fly Ash Bricks), have informed BSE that it has completed its expansion before schedule with the plant of its subsidiary - Starbigbloc Building Material Private Limited expanded production capacity by 25 per cent. The plant is running at full capacity utilization. As per the reports, Bigbloc would announce major expansion and acquisition plans. Also, it is rumoured that some large financial institutions are eyeing to pick up stakes in the company. Before this, promoters of Bigbloc Construction had raised shareholding through creeping acquisition and are still looking at increasing the shareholding through open market and bourses have been informed duly about their intentions. This shows the confidence of the promoters in the company.

Bigbloc has state-of-the-art, ultramodern, environment-friendly manufacturing facilities at Gujarat, using fly ash as a raw material since they not only consume less energy in manufacturing but also help to save the recurring cost of electricity and also earn Carbon Credits. AAC Blocks are high-quality building materials that offer a unique combination of strength, low weight, thermal insulation, sound absorption, unsurpassed fire resistance ability as compared to bricks due to saving structural cost. The market share of AAC is only 6% as against 90% share of conventional Bricks which are banned in several markets. With this shift to AAC by leading construction companies, the share of AAC is poised for upward move substantially. Bigbloc has got reputed clients like Lodha, HDIL, Kanakia, Raheja, Regency Nirman, Mahindra, Larsen & Toubro and Shapoorji Pallonji, among others. Also, with the government having a high focus on infrastructure development and Housing for All, the demand for AAC Blocks would increase multi-fold resulting in a substantial increase in turnover and profitability.