Gujrat Based Construction Technology Company Bags Tata Project’s order for India’s first Semiconductor unit of Micron
The stock has given returns of 26.85 per cent returns on YTD basis.
SIAM Cement BigBloc Construction Technologies Pvt Ltd, a joint venture between Gujarat based BigBloc Construction Ltd and Thailand’s SCG International Corporation Co., Ltd., has secured a work order from Tata Projects Ltd for supply and installation of AAC Panels for India’s first Semiconductor unit of Micron India in Sanand, Gujarat.
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The work order of approx. 2 lakh square feet is for supply and installation of 100 mm AAC panels for Micron India’s semiconductor factory at Sanand. The work order was finalized after several rounds of meetings, thorough due diligence, and factory visits, including review of mock-ups. The work order is valued at Rs 4.5 crore and is expected to be completed within three months.
This is the first mega order achieved by the SIAM Cement BigBloc Construction Technologies Pvt Ltd after commencing commercial operation of India’s first AAC wall plant at Kheda, Gujarat earlier in the year. With the vision of launching next-generation walling solution for the Indian market the joint venture invested around Rs. 65 crore in 2.5 lakh cubic meter per annum capacity for large-format AAC Wall products (8-20 feet long, 2 feet wide, and 3-8 inches thick). BigBloc Construction holds 52 per cent in the joint venture company while 48 per cent with SCG International. This is SCG Group’s first investment in India.
The plant was inaugurated by H.E. Ms Pattarat Hongtong, The Ambassador of Thailand to India, a Guest of Honour in the presence of senior officials from SCG International, BigBloc Construction on 10 June 2024. The AAC Wall are marketed under the brand name ‘ZMARTBUILD WALL by NXTBLOC’.
Mr. Naresh Saboo, Managing Director, BigBloc Construction Ltd said, “We are proud to mark the first major milestone in our transformative journey to revolutionize the construction industry. With our innovative AAC panels, we are committed to delivering cost-efficient and sustainable solutions that will shape the future of construction in India. This unique product, introduced for the first time in the country by the joint venture consists of single AAC panels reinforced with steel, available in sizes ranging from 2 meters to 6 meters. This groundbreaking product not only ensures faster project execution but also offers superior fire resistance with a 4-hour fire rating, setting a new benchmark in the industry. We look forward to partnering with other marquee projects in near future.
BigBloc Construction Ltd is one of the largest and only listed company in the AAC Block Space with an installed capacity of 1.3 million cbm per annum. Company’s manufacturing plants are located in Kheda, Umargaon (Vapi), Kapadvanj (Ahmedabad) in Gujarat and Wada (Palghar) in Maharashtra. It is among very few company in AAC industry to generate carbon credits. The company’s clients include Lodha, Adani Realty, IndiaBulls Real Estate, Prestige, Piramal, Oberoi Realty, 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.
The shares of the company are trading at Rs 105 with a market cap of Rs 1,486 crore. The stock has given returns of 26.85 per cent returns on YTD basis. Investors should keep this Small-Cap stock on the radar.
Disclaimer: The article is for informational purposes only and not investment advice.