BigBloc Building Elements receive eligibility certificate for Rs 27.14 crore subsidy for the Phase I of Wada Plant
Mar 29, 2024
Surat (Gujarat) [India], March 29: Bigbloc Building Elements Pvt Ltd, wholly owned subsidiary of BigBloc Construction Ltd, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks, and Panels in India has received eligibility certificate for subsidy of Rs 27.14 crores under package scheme of incentives - 2019, Government of Maharashtra. The receipt of subsidy from the state government of Maharashtra is in relation to completion of the Phase I of the company's AAC blocks project at Wada in Palghar, Maharashtra. Phase 2 of the Wada project is currently underway and company aims to receive the subsidy benefits post completion of the expansion. Phase 2 subsidy will be separate and over and above this subsidy.