This partnership aims to transform India's urban infrastructure by promoting the use of steel as the preferred material for multi-story buildings, data centres, and heavy structures. This collaboration combines Interarch's expertise in design, engineering, manufacturing and project management with JSPL's advanced manufacturing facilities, aiming to develop high-performance steel solutions and promote sustainable urban development. Steel is the preferred material for modern urban construction due to its speed, strength, flexibility, and sustainability. The partnership between Interarch and JSPL combines Interarch's expertise in PEB construction with JSPL's advanced steel production capabilities to meet these demands. Arvind Nanda, founder and managing director of Interarch Building Products, said: 'Our partnership with Jindal Steel & Power marks a significant step in transforming India's urban landscape. By enhancing the sustainability and efficiency of construction, we aim to support India's vision for smarter, safer cities.' Ajay Agarwal, EVP and construction material business, Jindal Steel & Power, added, 'This strategic partnership with Interarch underscores our commitment to transforming India's urban infrastructure. By integrating our high-quality, innovative steel solutions with Interarch's engineering expertise, we aim to set new benchmarks for sustainable, future-ready construction practices that meet the demands of a rapidly evolving nation.' Interarch Building Products (IBPL), promoted by Arvind Nanda and Gautam Suri, is one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings. Jindal Steel & Power is a leading Indian infrastructure conglomerate with a presence in the steel, power, and mining sectors. The scrip declined 1.99% to Rs 913 on the BSE. Powered by Capital Market - Live

Interarch Building Products has announced a strategic partnership with Jindal Steel & Power (JSPL). This partnership is set to redefine India's urban infrastructure by promoting the use of steel as the preferred material for multi-story buildings, data centers, and heavy structures. This collaboration will leverage Interarch's expertise in design, engineering, manufacturing and project management alongside JSPL's state-of-the-art manufacturing facilities for the heavier structures, enabling the development of high-performance steel solutions. Together, the two companies aim to drive innovation in the construction industry by advocating for sustainable and efficient urban development practices. Steel is becoming the material of choice for modern urban construction due to its speed, strength, flexibility, and sustainability. The partnership between Interarch and JSPL seeks to address these demands by combining the former's proficiency in PEB construction with the latter's advanced steel production capabilities. Powered by Capital Market - Live

Interarch Building Product announced the commencement of the construction of Phase 2, of its South India manufacturing facility, in Andhra Pradesh (AP). This expansion follows the successful inauguration and rapid capacity ramp-up of Phase 1 in September 2024, underscoring a significant milestone in the company's growth journey. Phase 2, designed to replicate the capacity of Phase 1, is expected to become operational by April 2025, further strengthening Interarch's production capabilities in the region. Alongside the capacity expansion at its Andhra Pradesh plant, Interarch has initiated a major upgrade at its North India manufacturing facility in Kichha, Uttarakhand. This upgrade marks the second-largest expansion in recent years, following the expansion in 2021. The enhancement will boost the plant's capability to handle multi-story buildings and heavy steel structures. With an additional installed capacity of 20,000 metric tons, the Kichha plant upgrade will play a pivotal role in supporting Interarch's growing presence in the Indian market. With the AP Phase 2 unit expected to be operational and the Kichha upgrade completed by April 2025, Interarch's total installed capacity is projected to surpass 200,000 metric tons per annum. Powered by Capital Market - Live

Net profit of Interarch Building Products rose 36.17% to Rs 20.67 crore in the quarter ended September 2024 as against Rs 15.18 crore during the previous quarter ended September 2023. Sales rose 8.55% to Rs 323.28 crore in the quarter ended September 2024 as against Rs 297.82 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales323.28297.82 9 OPM %7.816.44 - PBDT29.7622.24 34 PBT27.4420.26 35 NP20.6715.18 36 Powered by Capital Market - Live

Gulshan Polyols Ltd, Poojawestern Metaliks Ltd, Dynamic Cables Ltd and Manba Finance Ltd are among the other gainers in the BSE's 'B' group today, 23 October 2024.Interarch Building Products Ltd spiked 16.36% to Rs 1699.45 at 12:02 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 26596 shares were traded on the counter so far as against the average daily volumes of 41932 shares in the past one month. Gulshan Polyols Ltd surged 15.75% to Rs 228.95. The stock was the second biggest gainer in 'B' group. On the BSE, 1.19 lakh shares were traded on the counter so far as against the average daily volumes of 27540 shares in the past one month. Poojawestern Metaliks Ltd soared 14.79% to Rs 50.3. The stock was the third biggest gainer in 'B' group. On the BSE, 7.08 lakh shares were traded on the counter so far as against the average daily volumes of 40828 shares in the past one month. Dynamic Cables Ltd rose 14.48% to Rs 651.1. The stock was the fourth biggest gainer in 'B' group. On the BSE, 44113 shares were traded on the counter so far as against the average daily volumes of 5723 shares in the past one month. Manba Finance Ltd spurt 13.39% to Rs 165.55. The stock was the fifth biggest gainer in 'B' group. On the BSE, 49635 shares were traded on the counter so far as against the average daily volumes of 2.4 lakh shares in the past one month. Powered by Capital Market - Live

Interarch Building Products will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

Interarch Building Products announced the acquisition of 51,926 sq. mts. of land in Gujarat. The land has been procured at an investment of Rs 7 crore. This strategic move is part of the company's long-term vision to expand its national footprint and meet the increasing demand for high-quality Pre-engineered buildings across the country. Interarch has successfully executed several large projects in Gujarat for customers like Asian Paints, Timken, Micron (through Tata Projects Limited), Asahi Glass, MG Motors, and many more. The company currently has four fully integrated state-of-the-art manufacturing facilities: One in Athivaram, Andhra Pradesh, One in Sriperumbudur, Tamil Nadu; One in Pantnagar, Uttarakhand; and One in Kichha, Uttarakhand. Powered by Capital Market - Live

Interarch Building Products has secured new orders worth Rs 633.5 crore in this financial year. During the first quarter, the company secured new orders of Rs 341 crore and for Q2 FY25 till 14 September 2024, the company has secured orders of Rs 293 crore. The company's order book as on 14 September 2024, stood at Rs 1,350 crore. Key orders include from those from Reliance Industries (Rs 114 crore), Ampin Solar (Rs 60 crore) and Amaraja Infra (Rs 50 crore). Powered by Capital Market - Live

Net profit of Interarch Building Products rose 4.54% to Rs 20.28 crore in the quarter ended June 2024 as against Rs 19.40 crore during the previous quarter ended June 2023. Sales rose 3.31% to Rs 303.42 crore in the quarter ended June 2024 as against Rs 293.71 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales303.42293.71 3 OPM %8.928.58 - PBDT29.4927.81 6 PBT27.3625.89 6 NP20.2819.40 5 Powered by Capital Market - Live

Interarch Building Products will hold a meeting of the Board of Directors of the Company on 12 September 2024.Powered by Capital Market - Live