Interarch Building Solutions Ltd has secured a landmark order of over ₹3 billion for the designing, engineering, and construction of a state-of-the-art Pre-Engineered Building (PEB) unit for a global tyre industry giant. This megaproject in Interarch's history will involve the company installing a state-of-the-art production facility—securing its place as the premier player in India's steel building industry.
Important Points:
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Mega PEB Order: The over ₹3,000 crore contract for the entire turnkey delivery—design, engineering, manufacture, supply, and erection—of the tyre manufacturing plant is based on Interarch's proven capability in large industrial projects.
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Tyre Industry Milestone: The new plant will be a flagship facility of a global tyre major, with cutting-edge design for heavy equipment, high-load mezzanines, and large-span structures, specifically suited to the high-performance requirements of contemporary tyre manufacturing.
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Project Size & Scope: The building will span a large footprint, just like Interarch's previous construction work for Ceat Tyres and other major players in the industry, complete with state-of-the-art safety and sustainability options.
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Timeline for Execution: The project is estimated to be delivered within 12 months, while an initial bulk payment guarantees early mobilization and implementation.
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Capacity & Expansion: The order is received as Interarch increases its manufacturing capacity, with new units in Andhra Pradesh and improvements in Uttarakhand, looking to surpass 200,000 metric tons annual capacity by April 2025.
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Growth Outlook: The victory contributes to Interarch's strong order book and sets the company up for double-digit revenue growth, as it continues to execute on India's private capex boom and industrial infrastructure growth.
Sources: Interarch Building Solutions, JM Financial, Congruence Advisers, Company Announcements