Interarch Building Solutions shares touched a day high of Rs 1,712.90 on 8 October, after it disclosed a Rs 59 crore steel building order.

The Noida-based company told the exchanges it won the contract from a customer it chose not to name, citing commercial reasons. The order is worth about Rs 59 crore including taxes.

It will build a steel building system for a factory that makes electronic products in South India.

The company will handle everything, from design and engineering to manufacturing, supply and putting the structure up on site.

“Pre-engineered” simply means the steel parts are made in a factory first and then assembled at the location.

The filing does not say where in South India the unit will come up.

Work should wrap up in roughly 10 months. The customer will pay 25% upfront as an advance. It is a domestic order.

Interarch also said neither its promoters nor its group companies hold any stake in the customer. The order does not count as a related-party deal.

This is not the only recent update. On 6 October, two days earlier, Interarch sent the exchanges another order intimation.

In June, on the 17th, it disclosed a separate steel building order worth about Rs 87 crore.

Shareholders also saw the stock go ex-dividend on 3 September, with Rs 12.50 per share on offer.

At 13:54 pm, it’s trading at Rs 1,689.30 on NSE, down Rs 11.60 or 0.68% from the previous close of Rs 1,700.90.

The stock opened at Rs 1,702 and has moved between Rs 1,664.40 and the day high of Rs 1,712.90.

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