BigBloc Construction's net profit dips in Q4 FY23

26 May 2023 CW Team

The net consolidated profit of BigBloc Construction, a producer of aerated autoclaved concrete (AAC) blocks, bricks, and panels, fell by 25.80% during the three months ending March 31, 2023. The company said in a BSE filing that its profit after tax decreased to 55.5 million in Q4 FY23 from 74.8 million in the equivalent period of the previous fiscal.

The company's net consolidated total income for the fourth quarter of FY23 was 472.3 million, down 11.04 percent from the 530.9 million it reported for the same quarter in FY22.

For the fiscal year 2022–2023, the board of directors has recommended a 20% dividend, or Rs 0.40 per share, on the face value of Rs 2 per share.

According to the regulatory filing, the combined capacity utilisation for the most recent quarter was close to 80%.

In order to address the rising demand for AAC blocks in Western India, the company's wholly-owned subsidiary Bigbloc Building Elements has started commercial production of a 5-lakh cubic metre (cbm) per annum AAC Block factory at Wada in Palghar, Maharashtra. When operating at full capacity, the Wada facility will employ between 350 and 400 people and produce 200 crore rupees in revenue annually.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..