Bigbloc Construction purchases land for factory at Wada; Stock hits 52-week high

28 Apr 2022 , 09:21 AM

Bigbloc Construction Ltd has purchased the land for plant/factory at Wada, Palghar District, Maharashtra, of 38,000 sq. mtrs.in the name of ‘Bigbloc Building Elements Private Limited’, a wholly-owned subsidiary of Bigbloc Construction Limited, under the expansion project.

Further, the company intends to starts its operation in the current financial year i.e., F.Y. 2022-23.

Also, the Company should be eligible for subsidy under Package Scheme of Incentives – 2019 (PSI) announced by Government of Maharashtra, said company in a regulatory filing on Wednesday.

On Thursday trade, Bigbloc Construction hit 52-week high at Rs150.95 during early deals. At around 9:23 AM, the scrip was trading lower by 2.75% at Rs141.70 per piece on the BSE.