Bigbloc subsidiary invests Rs 300 mn in Maharashtra plant expansion

05 Dec 2023 CW Team

Bigbloc Building Elements, a wholly-owned subsidiary of Bigbloc Construction, intends to invest around Rs 300 million in the enlargement of its manufacturing plant for AAC Blocks situated in Wada, Maharashtra.

Following the expansion, the production capacity is set to double from 2,50,000 CBM to 5,00,000 CBM.

It has been stated that the expansion will be funded through a combination of internal accruals and debt and is anticipated to be concluded within a span of six months.

The initial phase of the project witnessed the establishment of a plant with a capacity of 2.5 lakhs CBM, which is currently operating at 85 percent utilisation.

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