Interarch shares traded higher by more than 3% in early morning trade after the company announced a new order win from Rungta Mines Limited. The development was confirmed through a regulatory filing under SEBI’s Listing Obligations and Disclosure Requirements (LODR). As of 9:20 AM, the shares were trading 3.49% higher at Rs 2,114.00.
As per the disclosure, Rungta Mines has issued a Letter of Intent (LOI) to Interarch for the design, engineering, manufacturing, supply, and erection of a pre-engineered steel building system. The order is valued at approximately ₹90 crore and is expected to be completed within a period of six to eight months.
Interarch highlighted that the payment structure includes 10% advance and another 10% upon approval of drawings and designs. The company also clarified that this is a domestic order and does not involve any promoter or related party interest.
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