The statue has been sculpted by Subrata Bose.
"We have installed the 25-kg statue at a temple dedicated to Bachchan after offering prayers for his film's success," ABFA state secretary Sanjay Patodiya said.
"The six-feet-two-inches tall fibreglass statue is a bit higher than the actual height of the Shahenshah. We did it to make it visually appealing," he added.
Fans today, including members of the association, turned out in large numbers dressed as Bachchan's character, Subhash Nagre, from the Ram Gopal Varma-directed movie.