The company will expand its plant by increasing its production capacity from 2,50,000 cubic meter (CBM)to 5,00,000 cubic meter (CBM).
Initially, the company has established 2,50,000 CBM capacity plant as 1st phase of the project and by 2nd phase of expansion, the project shall be completed by increasing the capacity from 2,50,000 Lakh CBM to 5,00,000 Lakhs CBM.
The said project will require an investment of approximately Rs 30 crore and it will be financed by debt and internal accruals. The proposed capacity is to be added within approximately 6 months.
Bigbloc Construction engaged in manufacture, sale and marketing of AAC (Aerated Autoclave Concrete) Blocks. Aerated Autoclave Concrete (AAC) blocks are a high quality building material that offers a unique combination of strength, low weight, thermal insulation, sound absorption, unsurpassed fire resistance and unprecedented build ability.
The company?s consolidated net profit declined 11.8% to Rs 7.56 crore in Q2 FY24 as compared with Rs 8.57 crore in Q2 FY23. Net sales jumped 21.5% YoY to Rs 58.90 crore in Q2 FY24.
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