Interarch shares surge 4% after winning Rs 221 crore projects

Interarch shares jumped more than 4% after announcing two major project wins worth Rs 221 crore, further solidifying its position in delivering cutting-edge infrastructure for emerging industries.

Interarch shares opened today at ₹1,598.00, reaching a high of ₹1,624.80 and a low of ₹1,566.70. The stock has experienced notable fluctuations over the past year, with a 52-week high of ₹1,923.75 and a low of ₹1,110.15.

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The first project is with TATA Semiconductor Assembly & Testing Pvt. Ltd. in Jagiroad, Assam, a significant step in India’s semiconductor sector. This facility aligns with the government’s push for domestic electronics manufacturing.

The second project involves Agratas Energy Storage Solutions Pvt. Ltd. in Sanand, Gujarat, where Interarch will build India’s largest lithium-ion battery manufacturing plant. This marks Interarch’s second battery project, following its collaboration with EXIDE Energy Solutions.

Both projects are being executed in partnership with TATA Projects Limited as the EPC contractor.

As of 9:32 AM, Interarch shares were trading 3.23% higher at Rs 1,604.65.

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