BigBloc Construction to get Rs 27.14-cr subsidy
For the 1st phase of its Wada project in Maharashtra
image for illustrative purpose
Mumbai: BigBloc Construction on Wednesday said its subsidiary Bigbloc Building Elements has received an eligibility certificate for a Rs 27.14 crore subsidy for the first phase of its Wada project in Maharashtra. The leading construction material producer has received the subsidy under an industry promotion scheme from the Maharashtra government over the completion of the first phase of the AAC blocks project at Wada in Palghar, Maharashtra, a statement said. The subsidy payout would be in the form of SGST exemption on sale in Maharashtra, interest subsidy, electricity duty and tariff subsidy to be paid over 10 years. The second phase of the project at Wada launched in December 2025 to take the total capacity from 2.5 lakh cubic meters to 5 lakh cubic meters for Rs 30 crore would be eligible for additional subsidy payout, the company added. The second phase is expected to be completed in the first quarter of 2024-25 and would help generate a Rs 200 crore revenue from the facility. BigBloc has manufacturing plants in Vapi and Ahmedabad in Gujarat and Wada in Maharashtra. It is among very few companies in the AAC industry to generate carbon credits.
