5,000 per cent multibagger Returns: This Small-cap Company Having Solar Power Expansion of Total 3,475 KW Capacity
The stock has given more than 4,794.66 per cent multibagger returns in the last five years.
Starbigbloc Building Material Limited, a subsidiary of BigBloc Construction Ltd, has placed an order to install an 800 KW rooftop solar power project at its Kheda Unit. Additionally, a 1350 KW rooftop solar system will be installed at a new facility under the joint venture Siam Cement Bigbloc Construction Technologies Private Limited. The total investment for these projects is Rs 7.23 crore, with the installation expected to be completed by March 31, 2025.
BigBloc Construction Ltd. is implementing solar power plants across its manufacturing facilities to support a sustainable environment and reduce carbon emissions. The company has previously installed a 700 KW rooftop solar power project at the Umargaon Plant and a 625 KW system at the Wada Plant. With the new order for an additional 2150 KW, the total solar capacity for BigBloc and its subsidiaries will be around 3475 KW. These actions shows the company’s focus on reducing its carbon emissions and promoting renewable energy solutions.
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Mr Narayan Saboo, Chairman, BigBloc Constructions said, "We at BigBloc Construction Limited have always been conscious of our role in creating a more sustainable environment. Apart from installing 800 KW solar project at Starbigbloc Building Material plant, a 1350 KW solar rooftop system will be installed at our joint venture Siam Cement Bigbloc Construction Tec Pvt Ltd. These initiatives are testament to our commitment to sustainability and our belief in the power of innovative solutions. The solar power generated by these installations will not only offset a significant portion of BigBloc's energy consumption but will also result in substantial operational cost savings."
Bigbloc Construction Limited was incorporated in 2015. The company is primarily engaged in manufacture, sale and marketing of AAC (Aerated Autoclaved Concrete) Blocks. These AAC Blocks of the company are marketed in the Brand name of NXTBLOC. The company has its headquarters in Surat.
This small-cap stock is trading at Rs 125. The company has a market cap of Rs 1,761.20 crore. The stock has given returns of 50 per cent in a month and a whooping multibagger return of 5,026.98 per cent. company has delivered good profit growth of 88.7 per cent CAGR over last 5 years. Company has a good return on equity (ROE) track record with 3 Years ROE of 40.6 per cent.
Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.