BigBloc Construction Ltd., through its subsidiary Starbigbloc Building Material Limited, is significantly expanding its solar power capacity as part of its sustainability initiatives. The company has recently placed an order for the installation of two rooftop solar power projects: an 800 KW system at its Kheda Unit and a 1,350 KW system at a new facility under its joint venture, Siam Cement Bigbloc Construction Technologies Pvt. Ltd. The total investment for these projects is Rs 7.23 crore, and the installations are expected to be completed by March 31, 2025.
These new projects will add to BigBloc’s existing solar infrastructure, which includes 700 KW of installed capacity at its Umargaon Plant and 625 KW at the Wada Plant. With the new additions, the company’s total solar power capacity will reach 3,475 KW, further reducing its carbon footprint and improving cost efficiencies by offsetting a substantial portion of its energy needs.
Narayan Saboo, Chairman of BigBloc Construction, highlighted the company’s commitment to sustainability, emphasizing the dual benefits of reducing carbon emissions and generating significant cost savings in energy consumption. These solar power initiatives align with the company’s long-term strategy of integrating eco-friendly solutions into its operations.
BigBloc Construction, founded in 2015 and headquartered in Surat, is a leading manufacturer of AAC (Aerated Autoclaved Concrete) Blocks under the brand name NXTBLOC. Despite being a small-cap stock, BigBloc has demonstrated remarkable growth, delivering an astounding 5,026.98% return over the past few years. In the last month alone, the stock has gained 50%. The company has also posted impressive profit growth, with a compound annual growth rate (CAGR) of 88.7% over the last five years. Additionally, BigBloc has achieved a strong Return on Equity (ROE) of 40.6% over the past three years.
Currently priced at Rs 125 per share, with a market capitalization of Rs 1,761.20 crore, BigBloc Construction Ltd. is a small-cap stock that offers significant growth potential, making it an attractive option for investors.
