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Interarch Building Products is currently trading at Rs. 1193.50, up by 61.35 points or 5.42% from its previous closing of Rs. 1132.15 on the BSE.

The scrip opened at Rs. 1133.40 and has touched a high and low of Rs. 1195.15 and Rs. 1133.40 respectively. So far 53230 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1316.00 on 26-Aug-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. 1218.85 and Rs. 1110.65 respectively. The current market cap of the company is Rs. 1971.23 crore.

The promoters holding in the company stood at 86.67%, while Non-Institutions held 13.33% stake in the company.

Interarch Building Products has inaugurated its fifth pre-engineered steel buildings (PEB) manufacturing plant (4th fully integrated unit) in Attivaram Village, District Nellore in the State of Andhra Pradesh. This manufacturing facility is equipped with the latest technology and has capabilities to manufacture PEB structures and pre-engineered metal roofing and cladding systems. This plant will contribute significantly to the region's industrial growth. The new plant is designed to meet the highest standards of efficiency and quality.

The company inaugurated Phase 1 of the plant, which covers 4 acres of the plot and has been built at an investment of Rs 40 crore (including cost of land). The investment for phase 1 has been funded by internal accruals and will increase the company’s installed capacity by 20,000 MT per annum. This unit has generated new job opportunities for around 250 people, boosting the local economy. 

The company further did the groundbreaking ceremony for the Phase 2 of the plant, which covers 6 acres of the plot and will increase the company’s installed capacity by 40,000 MT, increasing the overall capacity to 2 lakh MT per annum. The total plant area of phase 2 will be 2 lakh Sq. Ft and is likely to be commissioned over the next 7-8 months. Phase 2 will be set up at an around cost of Rs 57 crore, funded through IPO proceeds. In Phase 2, the company is eyeing to create direct and indirect jobs for around 500 people.   

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.