StarBigBloc Building Material, a wholly-owned subsidiary of BigBloc Construction, has acquired land for setting up a green field facility for AAC Blocks in Indore, Madhya Pradesh. 

Company has purchased approx. 57,500 sq. mts. land at Khasra No. 382, 387, 389/2, Gram Nimrani, Tehsil Kasrawad, District – Khargone, Madhya Pradesh for the purpose of AAC Blocks business expansion in central India. 

The total consideration for the land deal is Rs 60 million and Stamp duty.

StarBigBloc Building Material Ltd currently operates one plant at Kheda near Ahmedabad with an installed capacity of 250,000 cubic meters per annum, serving most part of Gujarat, upto Udaipur in Rajasthan, and till Indore in Madhya Pradesh. 

The capacity utilisation at Starbigbloc Building Material Ltd for the third quarter was 75 per cent. 

The planned expansion will enable the company to establish a stronger presence in Madhya Pradesh and surrounding regions.