Sbigblock Building Material Limited Reports Significant Returns
Sbigblock Building Materials Limited, a subsidiary of Bigblock Construction Limited, has announced an impressive return of 5,300% over the past five years. The company has placed an order for an 800 KW rooftop solar power project at its Kheda unit, alongside a 1350 kW rooftop solar system for a new facility in collaboration with Siam Cement Bigblock Construction Technologies Pvt. Ltd. The total investment for these initiatives is ₹7.23 crore, with installation expected to be completed by March 31, 2025.
Details on the Solar Project Order
The initiative aims to enhance sustainability and reduce carbon emissions. Previously, Bigblock has successfully installed a 700-kilowatt rooftop solar project at its Umargaon plant and a 625-kilowatt system at its Wada plant. With the new order, Bigblock’s total solar capacity will reach 3,475 KW, significantly promoting renewable energy.
Company Overview
Founded in 2015, Bigblock Construction Limited specializes in manufacturing AAC (Aerated Autoclaved Concrete) Blocks under the brand name NXTBLOC. Currently trading at ₹125, the company has a market capitalization of ₹1,761.20 crore and boasts a remarkable 50% stock return over the last month.
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Summary at glance
Sbigblock Building Materials Limited, a subsidiary of Bigblock Construction Limited, has made significant strides in renewable energy, achieving a remarkable 5,300% return over the past five years. The company has ordered a 800 KW rooftop solar power project at its Kheda unit and a 1350 kW system at a new facility, totaling an investment of ₹7.23 crore, aimed at enhancing sustainability and reducing operational costs. This initiative will increase Bigblock’s solar capacity to 3,475 KW.
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