Interarch Building Products jumps on commencing construction of phase 2 at Andhra Pradesh plant
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Interarch Building Products is currently trading at Rs. 1467.10, up by 33.10 points or 2.31% from its previous closing of Rs. 1434.00 on the BSE.
The scrip opened at Rs. 1440.70 and has touched a high and low of Rs. 1495.00 and Rs. 1440.00 respectively. So far 9504 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1810.00 on 01-Nov-2024 and a 52 week low of Rs. 1110.65 on 04-Sep-2024.
Last one week high and low of the scrip stood at Rs. 1545.20 and Rs. 1392.80 respectively. The current market cap of the company is Rs. 2433.91 crore.
The promoters holding in the company stood at 53.26%, while Institutions and Non-Institutions held 14.85% and 31.89% respectively.
Interarch Building Products has commenced the construction of Phase 2, of its South India manufacturing facility, in Andhra Pradesh. 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 the company’s production capabilities in the region.
Alongside the capacity expansion at its Andhra Pradesh plant, the company 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 the company’s growing presence in the Indian market.
Interarch Building Products is one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and engineering, manufacturing, on-site project management capabilities for the installation and erection of PEB.
