Interarch Building Products Ltd Share Price – NSE  / BSE

Steel, Small Cap

This partnership aims to transform India’s urban infrastructure by promoting the use of steel as the preferred material for multi-story buildings, data centres, and heavy structures.

This collaboration combines Interarch’s expertise in design, engineering, manufacturing and project management with JSPL’s advanced manufacturing facilities, aiming to develop high-performance steel solutions and promote sustainable urban development.

Steel is the preferred material for modern urban construction due to its speed, strength, flexibility, and sustainability. The partnership between Interarch and JSPL combines Interarch’s expertise in PEB construction with JSPL’s advanced steel production capabilities to meet these demands.

Arvind Nanda, founder and managing director of Interarch Building Products, said: “Our partnership with Jindal Steel & Power marks a significant step in transforming India’s urban landscape. By enhancing the sustainability and efficiency of construction, we aim to support India’s vision for smarter, safer cities.”

Ajay Agarwal, EVP and construction material business, Jindal Steel & Power, added, “This strategic partnership with Interarch underscores our commitment to transforming India’s urban infrastructure. By integrating our high-quality, innovative steel solutions with Interarch’s engineering expertise, we aim to set new benchmarks for sustainable, future-ready construction practices that meet the demands of a rapidly evolving nation.”

Interarch Building Products (IBPL), promoted by Arvind Nanda and Gautam Suri, is one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings.

Jindal Steel & Power is a leading Indian infrastructure conglomerate with a presence in the steel, power, and mining sectors. The scrip declined 1.99% to Rs 913 on the BSE.

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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.

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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.

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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.

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