Category: Business

Surat (Gujarat) [India], November 20: BigBloc Construction Limited (BSE- 540061 and NSE – BIGBLOC) one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks and Panels in India is entering a defining phase of renewed growth momentum, supported by a revival in construction activities, easing pricing pressure in the AAC block segment, and multiple strategic initiatives that are set to strengthen its long-term position in India’s sustainable building materials industry. With improved capacity utilisation, expansion into new product segments, a promising joint venture in Thailand, and stronger promoter backing, the company is well-placed to deliver a robust performance in the second half of FY26.

After several challenging quarters marked by subdued demand and pricing pressure, the AAC sector is showing clear signs of recovery. Increased government focus on sustainable development and affordable housing—through programmes such as PMAY and Smart Cities Mission also driving greater adoption of energy-efficient construction materials. Developers increasingly recognise the advantages of AAC products, including faster construction, thermal efficiency, and long-term sustainability, contributing to rising market acceptance.

“The second quarter of FY2026 marked a period of steady improvement in operational performance for Bigbloc Construction, supported by recovering demand conditions and higher capacity utilisation across plants. The broader building materials sector is witnessing a gradual improvement, supported by a sustained government push towards affordable housing and urban infrastructure. In this environment, demand for sustainable, energy-efficient construction materials, such as AAC blocks, continues to grow. On the strategic front, the Company remains focused on ramping up utilisation levels across facilities and scaling its AAC wall panel operations.

Looking ahead, the medium-term outlook for the building materials sector remains positive, supported by continued government focus on infrastructure, housing, and industrial development. With the monsoon behind us and demand momentum improving, the Company expects higher utilisation levels and improved operating performance in the coming quarters.”

The promoters group have increased their holding in the company to 72.84% as of September 2025, acquiring 2.05 lakh shares from the open market during the September quarter. The move underscores promoters’ long-term conviction in the company’s strategy, expansion roadmap, and future value creation potential. The strong promoter backing further strengthens investor sentiment and enhances governance stability.

BigBloc’s joint venture with Siam Cement Group (SCG), one of Asia’s largest cement and building materials companies, is emerging as an important growth driver. The JV’s Kheda unit continues to ramp up operations, supported by rising demand for AAC blocks and panels. With utilisation improving steadily, management expects stronger contributions from the JV in the coming quarters as more developers embrace advanced and sustainable construction solutions.

The company is accelerating expansion to capture the growing demand for green building materials. StarBigBloc Building Material has secured all key approvals—Town Planning Clearance, Gram Panchayat approval, Land Registration, and NA order—for its upcoming Indore project, set to become India’s largest greenfield AAC manufacturing facility. This facility will significantly enhance scale and reinforce BigBloc’s leadership position.

The company is also expanding into high-growth construction chemicals through its Umargaon facility, adding jointing mortar, ready-mix plaster and tile adhesives to its portfolio. The commissioning of the new chemicals unit in H2 FY2026 will further broaden revenue streams, enhance margins, and reinforce BigBloc’s positioning as a fully integrated green building materials player.

With its ESG profile now launched on ESG World and solar power capacity rising to 2,375 kW—meeting 22% of its power needs—BigBloc continues to emphasise sustainable growth and responsible manufacturing practices.

Way forward for Strong H2FY26 and Beyond

With a recovering industry environment, stronger pricing discipline, robust promoter support, and strategic expansion across products and geographies, BigBloc Construction is well-positioned for sustained growth. The worst appears to be behind the company, and the momentum built in Q2 is likely to accelerate in H2 FY26, supported by higher utilisation, new capacity additions, and improving market sentiment.

BigBloc is now firmly on a path to scale operations, deepen product diversification, and strengthen its footprint as a leading integrated green building materials company in India.

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Benepik Drives Digital Gift Card Adoption as India’s Leading Rewards Platform

Gurugram (Haryana) [India], November 20: In today’s fast-evolving rewards economy, one trend is reshaping how brands recognise, motivate, and retain their stakeholders: the rise of the Gift Card as the universal reward choice. Once seen as a festive-season give-away, gift cards have now become the backbone of modern reward and loyalty programs across employees, channel partners, influencers, and consumers. From BFSI and Telecom to FMCG, Cement, Paint, and D2C brands, organisations are embracing gift cards for what today’s audiences value the most: instant gratification, choice, and flexibility. Even in traditionally rigid rewarding mechanisms like channel loyalty, where gifts or cash were the only accepted formats, digitalisation is driving a massive shift, with gift cards emerging as the preferred reward.

“Gift Cards have become the new currency of engagement,” says Saurabh Jain, Founder & CEO, Benepik. Organisations increasingly prioritise flexibility and personalisation; traditional physical gifts and merchandise no longer fit the need. As reward and incentive programs modernise across industries, the shift from slow, manual processes to instant digital rewarding has become a necessity. Brands have realised that speed drives loyalty, be it their relations with employees, channel partners or customers”, adds Saurabh Jain

This shift became even clearer during the recent festive season, when more organisations opted for gift cards over traditional hampers, valuing the freedom, convenience, and personalisation they offer. Benepik witnessed remarkable growth in its gift card business, reflecting the evolving landscape of corporate gifting.

Why Gift Cards Are Becoming the Preferred Reward

1. Universal Appeal:
   Whether it’s an employee celebrating a milestone or a dealer redeeming loyalty points, gift cards appeal to every demographic.
2. Freedom of Choice:
   A gift card respects personal preference, whether someone wants groceries, electronics, fashion, travel, or food delivery.
3. Instant, Digital, and Seamless:
   With digital delivery, rewards are delivered instantly to users’ mobile devices, making gratification real-time and memorable.
4. Secure and Trackable:
   Gift cards ensure full compliance, traceability, and fraud resistance, especially critical for BFSI, insurance, and channel programs.

Benepik: Powering India’s Gift-Card-Led Reward Revolution

As one of India’s leading reward and loyalty tech platforms, Benepik has been at the forefront of this transition. With a catalogue of 350+ gift cards, instant delivery, and enterprise-grade compliance, Benepik is enabling companies to shift to gift-card-based rewarding. The platform’s ability to integrate gift cards across employees, consumers, influencers, and channel partners makes it a unified solution for India’s new-age loyalty landscape.

Benepik’s Influencer and Retailer Loyalty Programs have also become a hit across industries such as cement, paint, and consumer durables for recognising on-ground influencers, including painters, electricians, and mechanics.  Instant UPI transfer, backed by secure KYC, makes the program scalable for brands of all sizes.

“In the cement industry, loyalty goes beyond margins. With Benepik’s tiered rewards and instant cashback, we built trust and consistency across our dealer network,” says Vishalsinh Kshatriya, Sr. Manager Marketing, Hathi & Sidhee Cement.

As digital convenience merges with emotional connection, Benepik stands at the heart of India Inc’s new reward & loyalty economy, helping organisations recognise effort, inspire performance, and build loyalty through the currency of choice: digital gift cards and points. Whether it’s an employee hitting a target, a retailer driving sales, or a customer reaching a milestone, recognition must be instant and personal. Gift cards and digital points make that possible.

About Benepik

Benepik is a leading rewards and loyalty solutions company that helps organisations engage employees, channel partners, influencers, and customers. With over 800+ clients across sectors, Benepik is an industry leader in powering engagement, real-time rewarding, and data-driven loyalty programs.

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Rajkot (Gujarat) [India], November 20: Captain Polyplast Limited (CPL, BSE: 536974), is one of the leading manufacturer and exporter of micro irrigation solutions, and has diversified its operations into the burgeoning solar EPC, has received an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 300 Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM Kusum B Scheme.

The order valued at ₹8.17 Cr (including GST) marks a significant step for the company under the “Magel Tyala Saur Krushi Pump” Yojana, involving the supply and installation of 300 off-grid solar water pumping systems within 60 days. This order is in addition to the earlier order of 200 off-grid solar water pumping systems received at the time of empanelment. The order is set to support the company’s growth momentum and contribute positively to its long-term business outlook.

Commenting on the new order for solar pumps Mr. Ritesh Khichadia, a Whole Time Director of Captain Polyplast Limited said, “We had got empanelled with MSEDCL last quarter with initial order for 200 pumps. The additional order for 300 pumps highlights our execution capabilities in the solar pumps segment. With the PM Kusum scheme driving large-scale adoption of clean irrigation technologies, we see significant opportunities ahead. This order fits well with our long-term strategy of expanding in sustainable solutions, and we are confident that it will contribute meaningfully to our growth momentum and future outlook.”

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Mumbai (Maharashtra) [India], November 20: ABS Marine Services Limited (NSE: ABSMARINE), is one of the leading maritime companies offering comprehensive services in Ship Management, Vessel Ownership, Marine and Port Services, has commenced a charter hire contract for its vessel M.V. Ocean Diamond with M/s. Larsen & Toubro Limited.

New Vessel Deployment Contract

• Contract Awarding Entity: M/s. Larsen & Toubro Limited, India
• Nature & Scope of the Contract: Charter Hire of an Offshore Supply Vessel
• Contract Value: Around ₹26.07 Cr, (inclusive of GST)
• Vessel Category: DP-2 Platform Supply Vessel (PSV) – M.V. Ocean Diamond
• Contract Commencement & Tenure: Effective 17 November 2025 with a 150-day firm period and a 28-day extension option.

The new charter for M.V. Ocean Diamond enhances the company’s operational visibility and strengthens utilisation of its DP-2 class asset in India’s expanding offshore and energy support ecosystem. Securing this engagement from Larsen & Toubro Limited reinforces the company’s technical capability, long-standing industry relationships, and strong compliance standards, while also contributing to revenue stability over the contract period. The agreement creates scope for repeat deployments and deeper partnerships in offshore support services, supporting the company’s focus on expanding across high-demand segments, improving fleet efficiency, and delivering consistent value through safe, reliable, and energy-efficient maritime operations.

Comment on Financial Performance Captain P.B. Narayanan, Managing Director of ABS Marine Limited said, “This charter for M.V. Ocean Diamond comes at an important time for us, as it enhances visibility for our offshore operations and ensures optimal deployment of a key DP-2 vessel. Working with Larsen & Toubro Limited once again reflects the confidence leading industry players place in our technical capabilities, safety standards, and consistent service quality. The engagement will support steady revenue over the contract period and opens up opportunities for repeat work and longer-term partnerships in the offshore support space. As activity in the energy and offshore ecosystem continues to expand, we see strong prospects for scaling our presence, improving fleet productivity, and strengthening our growth trajectory in the quarters ahead.”

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Bhubaneswar (Odisha) [India], 20 November 2025: Innocule Materials & Additives Pvt. Ltd., a company known for turning scientific insight into practical industrial solutions, has been named to the Forbes India DGEMS 2025 Select 200, a recognition celebrating emerging Indian enterprises with strong global potential, clear vision, and measurable impact.

The Forbes India | D Globalist Entrepreneur Mobility Summit (DGEMS) is a distinctive platform that brings together founders and companies poised to scale across borders. The Select 200 list highlights organisations demonstrating sharp problem-solving ability, forward-thinking leadership, and the capacity to influence the future of their sectors. This recognition places Innocule among a group of enterprises that are shaping India’s industrial transformation with clarity, intent, and ambition.

For more than a decade, Innocule has built a reputation for solving complex challenges in mineral and metal processing, not by adding layers of complexity but by developing clean, effective, science-backed solutions that work at the plant level. From improving ore flowability and filtration performance to designing additives for sintering, dust control, and fire risk reduction, the company’s work has consistently translated into tangible benefits for clients across India.

Speaking about the recognition, Gyan Ranjan Das, Managing Director of Innocule, said:
“Being recognised among the Forbes India DGEMS 2025 Select 200 is a proud moment for us. Innocule was built on the belief that science, when applied with clarity and purpose, can solve some of the toughest challenges faced by the industry. This recognition reinforces our commitment to research-driven innovation and motivates us to continue creating solutions that benefit our customers and the ecosystem.”

Co-founder and Director Surbhi Sarna added: “Our journey from a small ideas-driven setup to a company trusted by leading industrial players has been shaped by perseverance, curiosity, and a deep focus on delivering value. The Forbes DGEMS recognition validates the efforts of our entire team and inspires us to scale our impact both within India and beyond.”

Over the years, Innocule has grown from a small idea-led setup into a company with a state-of-the-art manufacturing facility in Khurda, a strong team of scientists and field experts, and deep partnerships with leading industrial organisations. Its strength lies in the constant interplay of lab work, field observations, and close collaboration with customers, a cycle that keeps its solutions relevant, effective, and scalable.

Being named to the Forbes India DGEMS Select 200 offers Innocule heightened visibility on a global stage, opening new opportunities for collaboration, learning, and cross-border expansion. It reinforces the company’s commitment to building solutions that improve efficiency, reduce waste, and enable responsible industrial growth.

About Innocule

Innocule Materials & Additives Pvt. Ltd. develops speciality chemicals and performance additives for the mineral processing industries. With a focus on research-driven innovation, the company provides solutions that enhance process efficiency, reduce environmental impact, and support sustainable growth. Innocule partners with major mining and steel organisations across India and continues to expand its influence through continuous R&D and industry collaboration.

For over a decade, Innocule has partnered with top mineral companies, including Fortune 500 clients, to solve critical process challenges from raw material handling to steelmaking.

• 50 million tons of minerals processed, worth ₹25,000 crore
• 10,000+ MT of performance chemicals supplied across 10 Indian states
• 12.5 million tons of production loss prevented – ₹5,000 crore saved
• ₹2.3 lakh crore in new revenue unlocked

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Kolkata (West Bengal) [India], November 20: Delta Autocorp Limited (NSE: DELTIC), an emerging player in the India’s electric mobility segment, announced that it has submitted its Standalone and Consolidated Unaudited Financial Results for the half year ended September 30, 2025. The results, along with the Limited Review Report, were approved by the Board of Directors.

Key Financial Highlights

Operational and Strategic Highlights

• Regulatory Approvals: Received approvals from leading testing agencies — NATRAX, Indore and ICAT, Manesar — for the new electric scooters Infinia and Trento Plus, strengthening product readiness, improving distributor integration, and enabling better access to retail financing channels.
• Government Orders Execution: Successfully executed the ongoing B2G order of 2,000 e-garbage carts and completed the repeat order of 402 units from the Assam Government, demonstrating exceptional delivery capabilities and operational reliability.
• R&D and Technology Advancements: Introduced upgraded lithium-based variants across both 2W and 3W categories, enhancing vehicle performance, durability, and safety.
• Expansion of COCO Network: Commissioned the third Company-Owned Company-Operated (CoCo) outlet in Dhanbad, following successful launches in Mihijam and Delhi, with strong and consistent retail traction across all locations.
• Digital Infrastructure Upgrade: Initiated the deployment of a globally trusted CRM and sales automation platform to improve scalability, streamline dealer processes, and enhance the overall customer lifecycle experience.
• Strengthening Human Capital: Progressed development of the new L5 passenger and cargo auto-rickshaw lineup under the leadership of a newly appointed industry veteran with over 35 years of domain expertise, reinforcing Deltic’s commitment to engineering excellence.

Mr. Ankit Agarwal, Founder, Chairman & Managing Director’s Comment:

 “The Company delivered a steady performance in H1 FY26 with revenue of ₹4213 lakhs and a PAT of ₹345.87 lakhs. Our margin profile remained stable, supported by disciplined cost management and operational rigor.

 We successfully executed the Assam government tender which involved large-scale, meticulously coordinated operations. Leveraging a hub-and-spoke distribution model, the Company routed material through more than 150+ primary trucks to central hubs, followed by secondary distribution via an additional 500 smaller vehicles to every block-level destination. This model significantly improved delivery speed, cost efficiency, and coverage in remote regions of India.

In parallel, we have begun implementing one of the world’s most reliable sales automation platforms to bring greater transparency and predictability to dealer operations. These efforts are aimed at improving execution consistency and supporting scale as volumes increase. Our market approach is now guided by deeper data-driven insights across geography, use-case, and price sensitivity, enabling more targeted, performance-oriented sales and marketing strategies. This strengthens and scales the territorial-win strategy that has already proven effective in sales.

Further, to enhance execution depth, the Company continued to expand its organizational capabilities by recruiting experienced, and accountable professionals across key territories. 

As we scale, our focus remains on disciplined cash management, tighter receivable cycles, and building a stronger, more resilient operating backbone.

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