Interarch Building Solutions has announced the acquisition of a substantial order valued at approximately ₹80 crore, excluding taxes. The order involves the design, engineering, manufacturing, supply, and erection of a pre-engineered steel building system.
The company disclosed that the order was awarded by a domestic entity, although the name of the customer remains confidential due to commercial considerations. The project is expected to be completed within a span of seven months, with 10% of the payment to be made in advance upon the placement of the order.
The scope of the contract encompasses complete design, engineering, manufacturing, and supply, along with the erection of the steel building system. This order reinforces Interarch Building Solutions‘ position in the domestic market for pre-engineered steel structures.
The company clarified that there is no involvement of promoters or promoter group companies in the entity awarding the contract, ensuring that the transaction does not fall within the realm of related party transactions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).