Siam Cement BigBloc Starts India Operations with Rs 65 Crore Facility

Siam Cement BigBloc Construction has launched commercial production at a Rs 65 crore facility in Kheda, Gujarat. The joint venture between SCG International and BigBloc Construction aims to produce AAC wall products, with plans for future expansion. This marks SCG Group's first investment in India.

Siam Cement BigBloc Construction has officially commenced its India operations by starting commercial production at a Rs 65 crore facility in Kheda, Gujarat, according to a recent exchange filing.

The facility, a joint venture between Thailand's SCG International Corporation Co Ltd and Gujarat-based BigBloc Construction Ltd, is set to manufacture AAC wall products for the Indian market. The plant has an annual capacity of up to 2.5 cubic meters per annum and plans to introduce large format AAC wall products ranging from 8-12 feet in India. The venture has invested Rs 65 crore so far in the Kheda plant.

BigBloc Construction holds a 52 per cent stake in the JV, while the remaining 48 per cent is owned by SCG International, marking SCG Group's maiden investment in India. Naresh Saboo, Managing Director of BigBloc Construction Ltd, stated that future expansion could see the project’s capacity increase to 5 lakh cubic meters per year in its second phase. Shares of BigBloc Construction were trading 6 percent higher at Rs 236.70 on the BSE.