Interarch Building Products Ltd Expands Footprint with ₹7 Crore Land Acquisition in Gujarat

On September 30, 2024, Interarch Building Products Limited informed the stock exchanges about the acquisition of 51,926 square metres of land in Gujarat for an investment of ₹7 crore. This strategic move is aimed at expanding the company’s national footprint and meeting the growing demand for high-quality pre-engineered buildings in India.

The newly acquired land in Gujarat will significantly enhance Interarch’s manufacturing capacity, allowing it to better serve its customers in the western region. This investment underscores the company’s commitment to strengthening its supply chain capabilities and providing exceptional service to its clients.

Gujarat is emerging as a major industrial hub, attracting investments from various sectors, including semiconductors, data centres, and renewable energy. Interarch’s presence in the state positions it to capitalise on these opportunities and contribute to the region’s growth.

With a proven track record of successful projects in Gujarat, Interarch has established itself as a reliable partner for leading companies such as Asian Paints, Timken, Micron, Asahi Glass, MG Motors, and others.

Interarch currently operates four state-of-the-art manufacturing facilities in Athivaram, Andhra Pradesh; Sriperumbudur, Tamil Nadu; Pantnagar, Uttarakhand; and Kichha, Uttarakhand. The addition of the new facility in Gujarat will further strengthen Interarch’s manufacturing capabilities and enable it to meet the diverse needs of its customers across India.

Speaking about this development, the Managing Director of Interarch Building Products Ltd, Mr Arvind Nanda, said, “This land acquisition in Gujarat is a significant milestone for us as we continue to expand our operational base across India. With this investment, we aim to boost our production capabilities and cater to the rising demand for high-quality pre-engineered building solutions in key markets. Our endeavour has always been to provide customer delight, and this is a significant step in that direction.”

On September 30, 2024, the share price of Interarch Building Products Ltd opened at ₹1,400.00, touching the day’s low at ₹1,366.00, as of 10:14 AM on the NSE.

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