BIGBLOC Construction to start commercial productions in Wada, Palghar; Stock under pressure

21 Jul 2022 , 09:19 AM

BIGBLOC Construction Limited has announced that its wholly-owned subsidiary ‘Bigbloc Building Elements Private Limited’ has received finance sanctioned from the Bank for upcoming expansion at Wada, Palghar.

Moreover, Construction for factory building is proceeding as per the schedule, the company said in a regulatory filing. Also, the company has placed orders for majority of the machines and shall start receiving machines at the site by September/October, it further added.

Consequently, looking at the current progress, the company intends to start commercial productions at this unit by December, 2022 as projected.

On Thursday at around 9:19 AM, BIGBLOC Construction was trading at Rs105.25 per share lower by 0.52% as against previous closing of Rs105.80 per share on the BSE.