Interarch Building Products announced the acquisition of 51,926 sq. mts. of land in Gujarat. The land has been procured at an investment of Rs 7 crore. This strategic move is part of the company`s long-term vision to expand its national footprint and meet the increasing demand for high-quality Pre-engineered buildings across the country. Interarch has successfully executed several large projects in Gujarat for customers like Asian Paints, Timken, Micron (through Tata Projects Limited), Asahi Glass, MG Motors, and many more. The company currently has four fully integrated state-of-the-art manufacturing facilities: One in Athivaram, Andhra Pradesh, One in Sriperumbudur, Tamil Nadu; One in Pantnagar, Uttarakhand; and One in Kichha, Uttarakhand. Powered by Capital Market - Live News

Interarch Building Products has secured new orders worth Rs 633.5 crore in this financial year. During the first quarter, the company secured new orders of Rs 341 crore and for Q2 FY25 till 14 September 2024, the company has secured orders of Rs 293 crore. The company`s order book as on 14 September 2024, stood at Rs 1,350 crore.Key orders include from those from Reliance Industries (Rs 114 crore), Ampin Solar (Rs 60 crore) and Amaraja Infra (Rs 50 crore). Powered by Capital Market - Live News

Net profit of Interarch Building Products rose 4.54% to Rs 20.28 crore in the quarter ended June 2024 as against Rs 19.40 crore during the previous quarter ended June 2023. Sales rose 3.31% to Rs 303.42 crore in the quarter ended June 2024 as against Rs 293.71 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales303.42293.71 3 OPM %8.928.58 - PBDT29.4927.81 6 PBT27.3625.89 6 NP20.2819.40 5 Powered by Capital Market - Live News

Interarch Building Products will hold a meeting of the Board of Directors of the Company on 12 September 2024.Powered by Capital Market - Live News

Interarch Building Products announced that the Company has inaugurated its fifth PEB manufacturing plant (4 fully integrated unit) in Attivaram Village, District Nellore in the State of Andhra Pradesh. This manufacturing facility is equipped with the latest technology and has capabilities to manufacture Pre-engineered steel (PEB) structures and pre-engineered metal roofing and cladding systems. This plant will contribute significantly to the region`s industrial growth. The Company inaugurated Phase 1 of the plant, which covers 4 acres of the plot and has been built at an investment of Rs 40 crore (including cost of land). The investment for phase 1 has been funded by internal accruals and will increase Interarch`s installed capacity by 20,000 MT per annum. This unit has generated new job opportunities for approx. 250 people, boosting the local economy. The Company further did the groundbreaking ceremony for the Phase 2 of the plant, which covers 6 acres of the plot and will increase the company`s installed capacity by 40,000 MT, increasing the overall capacity to 2 Lac MT per annum. The total plant area of phase 2 will be 2 lac Sq. Ft and is likely to be commissioned over the next 7-8 months. Phase 2 will be set up at a approximate cost of Rs 57 crore, funded through IPO proceeds. In Phase 2, the Company expects to create direct and indirect jobs for approximately 500 people. Powered by Capital Market - Live News