Interarch Building Products Ltd acquires 51,926 sq. mts. of land in Gujarat, for its new manufacturing facility

Interarch Building Products Limited (BSE Code: 544232) (NSE: INTERARCH), a leading player in the Pre-Engineered Building (PEB) Industry, today announced the acquisition of 51,926 sq. mts. of land in Gujarat. The land has been procured at an investment of INR 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.

The recently acquired land in Gujarat will boost the company's utilizable capacity, allowing it to meet the increasing demands of its discerning customers. This strategic investment underscores the company's commitment to enhancing its supply chain capabilities in Western India while ensuring it remains close to its customers for exceptional service. Moreover, Western India, particularly Gujarat, is emerging as a hub for new-age industries such as semiconductors, data centers, renewable energy etc. Interarch is poised to capitalize on these opportunities.

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.

Commenting on the development, Mr. Arvind Nanda, Managing Director, Interarch Building Products Ltd. said, "This land acquisition in Gujarat is a significant milestone for us as we continue to expand our operational base across India. With this investment, we aim to boost our production capabilities and cater to the rising demand for high-quality pre-engineered building solutions in key markets. Our endeavour has always been to provide customer delight, and this is a significant step in that direction."

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.

Shares of Interarch Building Products Limited was last trading in BSE at Rs. 1435.95 as compared to the previous close of Rs. 1402.40. The total number of shares traded during the day was 51488 in over 3299 trades.

The stock hit an intraday high of Rs. 1445.00 and intraday low of 1364.85. The net turnover during the day was Rs. 72469575.00.

Source : Equity Bulls

Keywords

InterarchBuildingProducts CivilConstruction INE00M901018 LandAcquisition Gujarat