Interarch Building Products shines on entering into strategic partnership with Jindal Steel & Power
Interarch Building Products is currently trading at Rs. 1735.45, up by 46.65 points or 2.76% from its previous closing of Rs. 1688.80 on the BSE.
The scrip opened at Rs. 1688.00 and has touched a high and low of Rs. 1743.00 and Rs. 1645.55 respectively. So far 5043 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. 1781.30 and Rs. 1631.65 respectively. The current market cap of the company is Rs. 2803.91 crore.
The promoters holding in the company stood at 59.90%, while Institutions and Non-Institutions held 14.85% and 25.25% respectively.
Interarch Building Products has entered into strategic partnership with Jindal Steel & Power (JSPL), a leading name in steel manufacturing. 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 the company’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 the company and JSPL seeks to address these demands by combining the former’s proficiency in PEB construction with the latter’s advanced steel production capabilities.
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.
