Small-Cap Civil Construction Company Secures Rs 83 Crore Order for Major Energy Transmission Project
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Interarch Building Solutions has secured an approximately Rs 83 crore domestic order for the design, engineering, manufacturing and supply of a pre-engineered steel building system for a major energy transmission project
✨ Key Takeaways
On Wednesday, Indian equity benchmark indices traded marginally higher, with the benchmark Nifty 50 index rising 9.75 points, or 0.04 per cent, to 24,624.65. Amid the market movement, Interarch Building Solutions share price rose 0.16 per cent to Rs 1,846.00 after the company announced that it had secured a new domestic order worth approximately Rs 83 crore.
Interarch Building Solutions Bags Rs 83 Crore Order
Interarch Building Solutions informed the stock exchanges that it has secured a domestic order worth approximately Rs 83 crore, including Taxes, for a major energy transmission project. Due to confidentiality obligations and commercial considerations, the company has not disclosed the name of the customer.
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Download Service BrochureScope of the Project
The order involves the complete design, engineering, manufacturing and supply of a Pre-Engineered Steel Building (PEB) System for the energy transmission project. The company stated that the project carries an approximate execution timeline of 16 months and includes a 10 per cent advance payment, providing initial cash flow support for project execution.
The company further clarified that the order has been awarded by a domestic entity and does not involve any related-party transaction. It also confirmed that neither the promoter nor the promoter group has any interest in the entity awarding the contract.
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About Interarch Building Solutions
Interarch Building Solutions Limited, formerly known as Interarch Building Products Limited, is one of India's leading manufacturers of pre-engineered steel buildings (PEBs). The company provides integrated solutions covering design, engineering, manufacturing and installation for industrial, warehousing, commercial and infrastructure projects across multiple sectors.
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Disclaimer: The article is for informational purposes only and not investment advice