Board of BIGBLOC Construction approves joint venture with Thailand-based cement major

Image
Capital Market
Last Updated : Dec 15 2021 | 9:50 AM IST

On 14 December 2021

The Board of BIGBLOC Construction at its meeting held on 14 December 2021 has approved the expansion of business operations through joint venture agreement with SCG International India Corporation.

SCG (Siam Cement Group) is the largest and oldest cement and building material company in Thailand and South East Asia since 1913. SCG (Siam Cement Group) is diversified into three core businesses, namely Cement-Building Materials Business, Chemicals Business and Packaging Business. It's the 2nd largest company in Thailand and 604th largest public company in the World by Forbes.

This Expansion will lead to setup of a new entity in India in which the company will hold 52% and SCG will hold 48% of Investment partnership.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 15 2021 | 9:34 AM IST

Next Story