Interarch Building Products has announced a strategic partnership with Jindal Steel & Power (JSPL). This partnership is set to redefine India`s urban infrastructure by promoting the use of steel as the preferred material for multi-story buildings, data centers, and heavy structures. This collaboration will leverage Interarch`s expertise in design, engineering, manufacturing and project management alongside JSPL`s state-of-the-art manufacturing facilities for the heavier structures, enabling the development of high-performance steel solutions. Together, the two companies aim to drive innovation in the construction industry by advocating for sustainable and efficient urban development practices. Steel is becoming the material of choice for modern urban construction due to its speed, strength, flexibility, and sustainability. The partnership between Interarch and JSPL seeks to address these demands by combining the former`s proficiency in PEB construction with the latter`s advanced steel production capabilities. Powered by Capital Market - Live News

Interarch Building Product announced the commencement of the construction of Phase 2, of its South India manufacturing facility, in Andhra Pradesh (AP). This expansion follows the successful inauguration and rapid capacity ramp-up of Phase 1 in September 2024, underscoring a significant milestone in the company`s growth journey. Phase 2, designed to replicate the capacity of Phase 1, is expected to become operational by April 2025, further strengthening Interarch`s production capabilities in the region. Alongside the capacity expansion at its Andhra Pradesh plant, Interarch has initiated a major upgrade at its North India manufacturing facility in Kichha, Uttarakhand. This upgrade marks the second-largest expansion in recent years, following the expansion in 2021. The enhancement will boost the plant`s capability to handle multi-story buildings and heavy steel structures. With an additional installed capacity of 20,000 metric tons, the Kichha plant upgrade will play a pivotal role in supporting Interarch`s growing presence in the Indian market. With the AP Phase 2 unit expected to be operational and the Kichha upgrade completed by April 2025, Interarch`s total installed capacity is projected to surpass 200,000 metric tons per annum. Powered by Capital Market - Live News

Net profit of Interarch Building Products rose 36.17% to Rs 20.67 crore in the quarter ended September 2024 as against Rs 15.18 crore during the previous quarter ended September 2023. Sales rose 8.55% to Rs 323.28 crore in the quarter ended September 2024 as against Rs 297.82 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales323.28297.82 9 OPM %7.816.44 - PBDT29.7622.24 34 PBT27.4420.26 35 NP20.6715.18 36 Powered by Capital Market - Live News

Interarch Building Products will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live News

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