Interarch Building Products Invests Rs 95 Cr in Andhra Plant
By Rediff Money Desk, New Delhi Sep 04, 2024 16:42
Interarch Building Products, a leading PEB solutions provider, is setting up a new manufacturing facility in Andhra Pradesh, investing Rs 95 crore to expand its capacity.
New Delhi, Sep 4 (PTI) Interarch Building Products Ltd is investing Rs 95 crore to set up a pre-engineered building (PEB) manufacturing plant in Andhra Pradesh.
Interarch 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 pre-engineered steel buildings.
In a statement on Wednesday, the company said it has inaugurated the first phase of this plant at district Nellore in Andhra Pradesh.
This manufacturing facility is equipped with the latest technology and has capabilities to manufacture pre-engineered steel structures and pre-engineered metal roofing and cladding systems.
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 crores (including cost of land).
The investment for phase 1 has been funded by internal accruals and will increase Interarch's installed capacity by 20,000 tonnes per annum.
Interarch also performed 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 tonnes, increasing the overall capacity to 2 lakh tonnes per annum.
The total plant area of phase 2 will be 2 lakh square feet and is likely to be commissioned over the next 7-8 months. The Phase 2 will be set up at a cost of Rs 57 crore.
Interarch 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 pre-engineered steel buildings.
In a statement on Wednesday, the company said it has inaugurated the first phase of this plant at district Nellore in Andhra Pradesh.
This manufacturing facility is equipped with the latest technology and has capabilities to manufacture pre-engineered steel structures and pre-engineered metal roofing and cladding systems.
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 crores (including cost of land).
The investment for phase 1 has been funded by internal accruals and will increase Interarch's installed capacity by 20,000 tonnes per annum.
Interarch also performed 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 tonnes, increasing the overall capacity to 2 lakh tonnes per annum.
The total plant area of phase 2 will be 2 lakh square feet and is likely to be commissioned over the next 7-8 months. The Phase 2 will be set up at a cost of Rs 57 crore.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.89 (+ 4.71)
- 84074150
- Jaiprakash Power Ven
- 22.89 (+ 3.34)
- 47620916
- Spicejet Ltd.
- 65.25 ( -0.78)
- 27318841
- AvanceTechnologies
- 0.90 (+ 4.65)
- 26883863
- Vodafone Idea L
- 9.32 (+ 1.41)
- 26185410
MORE NEWS
Pakistan & Saudi Arabia Sign USD 2.2 Billion...
Pakistan and Saudi Arabia have signed USD 2.2 billion investment deals in multiple...
Indian Student Becomes 'British High...
Delhi University student Nidhi Gautam experienced a day as the British High...
Samsung Workers Detained, Released: CITU...
Samsung India Electronics workers and CITU leaders were arrested and released after...