BigBloc Construction Limited, wholly owned subsidiary – Bigbloc Building Elements Private Limited started a trial run of machineries for Greenfield Project of AAC Blocks at Wada in Palghar, Maharashtra. Commercial production from the plant is expected to commence by end of March 2023. At full capacity, Wada plant is expected to generate revenues of Rs. 200 crore per year.
Total capex for the Wada project is estimated to be around Rs 65 crore for setting up the 5 lakh cubic meter (cbm) per annum plant at Wada, Maharashtra for manufacturing AAC blocks. Company has invested Rs 48 crore in the project so far for the commercial operations of Phase I. 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. (i.e One carbon credit represents 1 tonne of CO2e that an organization is permitted to emit).
Post completion of the expansion, company’s total capacities will increase to 13.75 lakh cbm per annum making it the largest manufacturer of AAC block in the country. Company also expects to generate around 2.5 to 3 lakh units of carbon credit every year post the expansion.
| Subscribe To Our Free Newsletter |
