Interarch Building Solutions Up 5% After It secures ₹80 Cr Order

Synopsis The company has bagged an Indian contract worth around Rs. 80 crore for the design, engineering, fabrication, supply, and installation of pre-engineered steel building structures, which is expected to be completed in six months.

Interarch in a regulatory filing, said that they have secured a domestic order worth approximately Rs. 80 crore for the design, engineering, manufacturing, supply, and erection of a pre-engineered steel building system.

However, the name of the customer has not been disclosed due to commercial and confidentiality considerations. This order should be completed in six months. If this is done successfully, it will reflect on the operational strengths of the company. It may also help in its growth perspective.

Last week, Interarch had bagged another order worth Rs. 60 crore for the design, engineering, manufacturing, supply and erection in scope. This order should be completed in eight months.

Interarch Building Solutions shares were trading at Rs. 2,017 apiece on the NSE. The stock has gained around 4.8% over the last five sessions, while it has surged about 20.4% in the 30 days.

Over a six-month period, the stock has given a negative return of 0.35%, whereas on a year-on-year basis it has surged nearly 12%, reflecting mixed overall performance. The stock’s 52-week high was Rs. 2,762.60  and 52-week low was Rs. 1,575.30 

Interarch Building Solutions boasts more than four decades of history,  the company was established in 1983 with an emphasis on producing metal building structures and components designed for industrial use.

With time, Interarch has been refining its business strategy by introducing new products and services in response to the rising need for infrastructure development in India, from pre-engineered steel buildings to turnkey construction solutions, engineering and designing and comprehensive project implementation services, thus consolidating its competitive advantage in the industrial and commercial construction sector. At present, the company concentrates on innovative pre-engineered building solutions, improving design services, and increasing its project execution capabilities.

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