BigBloc Construction to invest in the green energy
Biznextindia : BigBloc Construction Limited, one of India’s leading player in the manufacturing of green and non-toxic building materials including Aerated Autoclave Concrete (AAC) blocks, Bricks and Panels is installing solar rooftop projects at its Umargam and Kapadvanj manufacturing facilities. Company is setting up 450 KW solar rooftop facility at each of the plant. Post commission of both the solar rooftop facilities, the company will be able to replace approximately 33% of its power requirement at both its plant with renewable green energy – solar power.
The Company will be investing around Rs. 4.5 crore towards the solar rooftop initiative. Commenting on the development, Mr. Narayan Saboo, Chairman & Managing Director, Bigbloc Construction Ltd said “The increasing carbon footprint is a growing concern. Installing Solar rooftop is part of company’s vision of making its operations carbon neutral in the medium to long term and minimise the impact on the environment. The company has a commitment towards the Construction and Infrastructure Industry of launching environment friendly and sustainable building products and solution. This initiative is a step towards becoming self-sustainable and environment friendly organisation with significant reduction in the Co2 emission.” Incorporated in 2015, BigBloc Construction Ltd is one of the largest and only listed company in the AAC Block Space with a capacity of 5.75 lakh cbm per annum. Green and non-toxic building construction material, AAC blocks are economical, lightweight, soundproof, fire resistance with superior build quality and saves energy, eco-friendly and economical too compared to traditional bricks. It is the only company in this segment that generates carbon credits from its operations. For FY22, Company reported Net Profit of Rs. 16 crore with EBITDA of Rs. 27.7 crore, Total Income of Rs. 175.8 crore.
Company is also setting up two Greenfield projects with a combined capacity of 8 lakh cubic meter per annum – 5 lakh cubic meter per annum plant at Wada, Palghar (Maharashtra) and 3 lakh cubic meter per annum in joint venture with Thailand’ SCG Group Kapadvanj Ahmedabad (Gujarat). Post completion of both expansion, company’s total capacities will increase to 13.75 lakh cbm per annum making the company one of the largest players in the country. Company also expects to generate around 2.5 to 3 lakh units of carbon credit every year post the expansion.