Shares of Interarch Building Solutions Ltd rallied 4% on 23 June after the company announced receiving an order worth Rs 80 crore from Ather Energy.

In an exchange filing, Interarch Building said, “We wish to inform you that the company has secured an order from M/s Ather Energy Ltd. The formal purchase order is currently awaited.”

The order specifies that Interarch Building will be in charge of designing, constructing, producing, supplying, and erecting pre-engineered steel building systems.

According to the corporation, it received a 10% advance payment in conjunction with the order. The project is anticipated to be completed in nine months.  

The company received a Rs 45 crore purchase order from a vehicle OEM earlier this month.
 
Interarch Building Solutions is a top provider of turnkey pre-engineered steel building solutions in India.  

Established in 1983, the company provides complete pre-engineered steel building services, including design, engineering, manufacture, and on-site project management.

With decades of experience, Interarch has established a strong reputation for its expertise in metal interiors and unique PEB solutions for a wide range of industries, including industrial, commercial, and infrastructure.

Interarch Building has five strategically placed manufacturing sites in Uttarakhand (Pantnagar and Kichha), Tamil Nadu (Sriperumbudur), and Andhra Pradesh (Athivaram). Its dedicated arm, Interarch Infrastructure, provides complicated heavy steel and large-scale infrastructure solutions throughout India.

At 1:19 pm, the shares of Interarch Building were trading 3.60% higher at Rs 2,131 on NSE.

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