Interarch Building Products Limited recently informed exchanges that it has inaugurated its 5th PEB manufacturing plant at Attivaram Village, District Nellore, Andhra Pradesh. This manufacturing plant is equipped with cutting-edge technology and can manufacture pre-engineered steel (PEB) structures, as well as pre-engineered metal roofing and cladding systems. This plant will greatly contribute to the region’s industrial development.
The company opened Phase 1 of the plant, which covers 4 acres of land and cost Rs 40 crores to build. The investment in phase 1 was funded by internal accruals and will improve Interarch’s installed capacity by 20,000 MT per year. This facility has created around 250 new jobs, hence helping the local economy.
In the exchange filing, the company also shared, “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 Lac MT per annum. The total plant area of phase 2 will be 2 lac Sq. Ft and is likely to be commissioned over the next 7-8 months. Phase 2 will be set up at a approximate cost of 57 crores, funded through IPO proceeds. In Phase 2, the Company expects to create direct and indirect jobs for approximately 500 people.”
The new plant aims to achieve the highest standards of efficiency and quality. Along with boosting production capacity, Interarch’s expansion provides new job opportunities and economic development in the region.
