Interarch Building Solutions Secures Order worth Rs 83 Crores for Steel Building System
Interarch Building Solutions Limited (formerly Interarch Building Products Limited) has successfully secured a significant order from a domestic customer in the construction sector. The contract relates to the Design, Engineering, Manufacturing, and Supply of a Pre-Engineered Steel Building System for a Major Energy Transmission project.The total commercial consideration for this order is approximately Rs 83 Crores, including all taxes.
Key operational details of the secured contract include an estimated completion period of about 16 months. The agreement covers the complete scope of Design, Engineering, Manufacturing, and Supply required for the system. Furthermore, a 10% advance payment has been specified under the terms.
The order was awarded by a domestic entity. Company records confirm that the promoter or the promoter group holds no interest in the awarding customer, and the transaction does not fall under related party transactions. Due to commercial considerations and confidentiality obligations, the name of the customer could not be disclosed.
The details of the contract and project scope are summarized below:
| Particulars | Detail |
|---|---|
| Nature of Order | Design, Engineering, Manufacturing, Supply of Pre-Engineered Steel Building System for a Major Energy Transmission project |
| Order Value (Approx.) | Rs 83 Crores (including Taxes) |
| Customer Status | Domestic Entity |
| Completion Period | Approximately 16 months |
| Advanced Payment | 10% |
INTERARCH Stock Price Movement
Shares of Interarch Building Solutions Limited settled today, shedding 0.36% to close at ₹1846 after a slow trading session. The equity recorded a total traded volume of 73,904 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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