StarBigBloc Building Material Ltd, a wholly-owned subsidiary of BigBloc Construction Limited, has acquired land to set up a green field facility for AAC Blocks in Indore, Madhya Pradesh. The company has purchased approx. 57,500 sq. mts. land at Khasra No. 382, 387, 389/2, Gram Nimrani, Tehsil Kasrawad, District – Khargone, Madhya Pradesh for the purpose of AAC Blocks business expansion in central India. The total consideration for the land deal is Rs 6 crores and Stamp duty.
StarBigBloc Building Material Ltd currently operates one plant at Kheda near Ahmedabad with an installed capacity of 250,000 cubic meters per annum, serving most parts of Gujarat, up to Udaipur in Rajasthan, and till Indore in Madhya Pradesh. The capacity utilisation at Starbigbloc Building Material Ltd for the third quarter was 75 per cent. The planned expansion will enable the company to establish a stronger presence in Madhya Pradesh and surrounding regions. Reaffirming its commitment to the Green Initiative, it has also installed an 800 KW solar rooftop power project.
Narayan Saboo, Chairman of Bigbloc Construction Ltd, said, "The AAC block industry is set to play a pivotal role in India's construction sector, and our company is ready for a significant leap forward. The proposed expansion in Indore, Madhya Pradesh, aligns with our growth strategy, focusing on geographic expansion, R&D investments, product diversification, and strategic branding and marketing initiatives to enhance visibility, increase market share, and strengthen stakeholder trust."
Bigbloc Construction Ltd has recently expanded into construction chemicals with Block Jointing Mortar, Ready Mix Plaster, and Tile Adhesives, tapping into high-demand segments. The company introduced NXTGRIP Tile Adhesives alongside its trusted NXTFIX and NXTPLAST brands, ensuring superior bonding, strength, and performance.
In May 2024, the board of directors approved fund-raising through SME IPO or Preferential issue to support expansion plans of Starbigboc Building Material Ltd subject to requisite approvals and market conditions; Starbigboc Building Material Ltd aims to expand its production capacity from current 250,000 cubic meters per annum to over 1.2 million cubic meters per annum in the next 4-5 years. The company is targeting revenues of Rs 428 crore by FY27-28, with an expected EBITDA of Rs. 125 crore and a net profit of Rs 80 crore. In FY23-24, the company reported revenues of Rs 94.18 crore, achieving a revenue CAGR of over 21 per cent in the last four years.
Incorporated in 2015, BigBloc Construction Ltd is one of the largest and only listed AAC block manufacturers in India, with a 1.3 million cbm annual capacity across plants in Gujarat (Kheda, Umargaon, Kapadvanj) and Maharashtra (Wada). The company, which markets its products under the NXTBLOC brand, is one of the few in the AAC industry to generate carbon credits. With over 2,000 completed projects and 1,500+ in the pipeline, The company's clients include Lodha, Adani Realty, IndiaBulls Real Estate, DB Realty, Prestige, Piramal, Oberoi Realty, Tata Projects, Shirke Group, Shapoorji Pallonji Group, Raheja, PSP Projects, L&T, Sunteck, Dosti Group, Purvankara Ltd, DY Patil, Taj Hotels, Godrej Properties, Torrent Pharma, GAIL among others.
