BigBloc Construction surges on installing solar rooftop projects at two manufacturing facilities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Bigbloc Construction is currently trading at Rs. 127.40, up by 5.00 points or 4.08% from its previous closing of Rs. 122.40 on the BSE.
The scrip opened at Rs. 123.75 and has touched a high and low of Rs. 131.05 and Rs. 123.75 respectively. So far 15082 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 169.25 on 01-Dec-2022 and a 52 week low of Rs. 85.75 on 13-May-2022.
Last one week high and low of the scrip stood at Rs. 138.90 and Rs. 116.85 respectively. The current market cap of the company is Rs. 906.44 crore.
The promoters holding in the company stood at 72.27%, while Non-Institutions held 27.73% stake in the company.
BigBloc Construction is installing solar rooftop projects at its Umargam and Kapadvanj manufacturing facilities. The company is setting up 450 KW solar rooftop facility at each of the plant.
Post commission of both the solar rooftop facilities, the company will be able to replace approximately 33% of its power requirement at both its plant with renewable green energy - solar power. The company will be investing around Rs 4.5 crore towards the solar rooftop initiative.
Bigbloc Construction is engaged in the business of manufacturing of building blocks and AAC Bricks.
