Shares of Interarch Building jumped nearly 3% in morning trade after the company secured a major domestic contract from electric vehicle manufacturer Ather Energy Ltd. The deal, valued at approximately ₹80 crore (excluding taxes), marks a significant boost to Interarch’s presence in the EV and infrastructure sector.
The project involves the complete design, engineering, manufacturing, supply, and erection of a pre-engineered steel building system. This turnkey project will be fully executed within India and is expected to be completed within nine months from the date of order confirmation.
The agreement outlines a 10% advance payment upon issuance of the order. Interarch will manage every phase of the project—from conceptual design to the final erection—reinforcing its expertise in delivering end-to-end infrastructure solutions.
This contract not only strengthens Interarch’s portfolio in industrial construction but also highlights growing demand for sustainable and efficient building systems in the fast-growing electric vehicle sector. Ather Energy’s decision to award this project to Interarch signals confidence in its capabilities and aligns with broader trends toward green manufacturing infrastructure.
Interarch Building shares opened at ₹2,079 today, and, at the time of writing, reached a high of ₹2,115 and a low of ₹2,061 during intraday trade. The stock remains active near its higher trading range. Its 52-week high stands at ₹2,371, while the 52-week low is ₹1,110.15.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
