Interarch Building Products’ stock surged 2% after the company announced the commencement of Phase 2 construction at its Andhra Pradesh manufacturing facility. This expansion follows the successful launch of Phase 1 in September 2024. Phase 2, set to be operational by April 2025, will match Phase 1’s production capacity, solidifying Interarch’s presence in South India.
Alongside the Andhra Pradesh expansion, Interarch is upgrading its Kichha facility in Uttarakhand. The upgrade, the second-largest in recent years, will boost the plant’s capacity by 20,000 metric tons, enabling it to support multi-story buildings and heavy steel structures. By April 2025, Interarch’s total installed capacity is expected to surpass 200,000 metric tons annually, further enhancing its market position.
As of 10:40 am, Interarch Building shares were trading 2.23% higher at Rs 1,467.00 on the NSE.
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