Gujarat-Based Cement Block Manufacturer Secures Purchase Order of Rs 2.21 Crore from Larsen & Toubro Ltd

Bigbloc Construction Limited has secured a domestic purchase order valued at Rs. 2.21 Crores (inclusive of GST) from Larsen & Toubro Limited, Construction. This contract entails the supply of Autoclaved Aerated Concrete (AAC) Blocks, a lightweight and sustainable building material, to be delivered over a period of 6 to 9 months. The agreement, issued by a domestic entity, follows standard commercial terms and payment conditions as specified within the purchase order, representing a steady addition to the company's regional project pipeline.

About the Company

Bigbloc Construction Limited, established in 2015, specialises in manufacturing, selling, and marketing AAC (Aerated Autoclaved Concrete) Blocks under the brand name NXTBLOC. Headquartered in Surat, the company produces building blocks and AAC bricks, renowned for their lightweight, thermal insulation, sound absorption, fire resistance, and building capability. AAC's natural and non-toxic composition contributes to energy savings and eco-friendliness. Its lightweight nature reduces dead weight in buildings, leading to a decrease in steel and cement structural costs. Moreover, the larger size of AAC blocks compared to clay bricks results in fewer joints and significant savings in mortar.

With a market capitalisation of over Rs 1,000 crore and has a good return on equity (ROE) track record: 3 Years ROE 26.3 per cent. The shares of the company have an ROE of 34 per cent and an ROCE of 24 per cent.

On Thursday, shares of Bigbloc Construction Limited plunged 1.02 per cent to Rs 70.81 per share from its previous closing of Rs 71.54 per share with an Intraday high of Rs 74.09 and an intraday low of Rs 69.70. The stock’s 52-week high is Rs 113.90 and its 52-week low is Rs 48.10. The stock gave multibagger returns of over 300 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.