Interarch Building Solutions Secures ₹90 Crore Contract from Rungta Mines

1 min read     Updated on 23 Aug 2025, 03:49 PM
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Ashish ThakurBy ScanX News Team
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Overview

Interarch Building Solutions Limited has received a Letter of Intent from Rungta Mines Limited for a ₹90 crore project. The contract involves design, engineering, manufacturing, supply, and erection of pre-engineered steel building systems. The project is set to be completed within 6-8 months, with payment terms including a 10% advance and 10% upon design approval. This domestic contract, awarded without promoter group or related party involvement, is expected to boost the company's order book and financial performance.

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*this image is generated using AI for illustrative purposes only.

Interarch Building Solutions Limited , a company specializing in pre-engineered steel building systems, has announced a significant new contract win. The company has received a Letter of Intent (LOI) from Rungta Mines Limited for a project valued at approximately ₹90.00 crores.

Contract Details

The scope of the contract includes:

  • Design and engineering
  • Manufacturing
  • Supply
  • Erection of pre-engineered steel building systems

This comprehensive project showcases Interarch Building Solutions' expertise in providing end-to-end solutions in the construction industry.

Project Timeline and Terms

According to the company's disclosure:

  • The project is expected to be completed within a timeframe of 6 to 8 months.
  • The payment terms include a 10% advance payment and an additional 10% upon approval of drawings and designs.

Financial Implications

The contract, valued at approximately ₹90.00 crores, represents a significant boost to Interarch Building Solutions' order book. This large-scale project is likely to have a positive impact on the company's revenue and profitability in the coming quarters.

Company Background

Interarch Building Solutions Limited, formerly known as Interarch Building Products Limited, is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and potential investors are kept informed about significant developments that may impact the company's performance.

Additional Information

  • The contract has been awarded by a domestic entity.
  • The company has confirmed that there is no involvement of any promoter group or related party transactions in this contract.

This new contract win demonstrates Interarch Building Solutions' strong position in the pre-engineered building sector and its ability to secure large-scale projects from reputable clients like Rungta Mines Limited.

Historical Stock Returns for Interarch Building Solutions

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+0.21%-0.83%-14.25%+31.60%+70.85%+70.85%
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Income Tax Department Initiates Search at Interarch Building Solutions' Facilities

1 min read     Updated on 18 Aug 2025, 11:24 AM
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Reviewed by
Ashish ThakurBy ScanX News Team
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Overview

Interarch Building Solutions Limited reported that the Income Tax Department has begun a search operation at its Pantnagar manufacturing facility and Noida corporate office on August 18, 2025. The company was informed by an official but has not received formal written communication from the tax authorities. Interarch is cooperating fully with the authorities and gathering more details about the search. The company has committed to making necessary disclosures as material developments occur.

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*this image is generated using AI for illustrative purposes only.

Interarch Building Solutions Limited has reported that the Income Tax Department has commenced a search operation at its manufacturing facility in Pantnagar and corporate office in Noida. The company, which specializes in building solutions, made this disclosure in a filing to the stock exchanges on August 18, 2025.

Key Developments

  • The Income Tax Department has initiated a search at Interarch's manufacturing facility in Pantnagar and corporate office in Noida.
  • The company was informed of the search by one of its officials on August 18, 2025.
  • As of the disclosure, no formal written communication had been received from the Income Tax Department.
  • Interarch Building Solutions is cooperating fully with the tax authorities during this process.

Company's Response

Interarch Building Solutions has stated that it is in the process of gathering further details about the search operation. The company is also assessing the potential implications, if any, that may arise from this development. In its commitment to transparency and regulatory compliance, Interarch has assured stakeholders that it will make necessary disclosures as and when material developments occur.

Management Statement

Arvind Nanda, Managing Director of Interarch Building Solutions Limited, signed the voluntary disclosure to the stock exchanges. The company emphasized that this disclosure was made to ensure transparency and compliance with applicable regulatory requirements.

About Interarch Building Solutions

Interarch Building Solutions Limited, formerly known as Interarch Building Products Limited, is headquartered in Noida, Uttar Pradesh. The company's registered office is located in New Delhi. Interarch maintains a presence in India's capital markets.

Investors and stakeholders are advised to monitor further announcements from the company regarding this ongoing situation. As the search operation is in its initial stages, the full impact on Interarch Building Solutions' operations and financials remains to be seen.

Historical Stock Returns for Interarch Building Solutions

1 Day5 Days1 Month6 Months1 Year5 Years
+0.21%-0.83%-14.25%+31.60%+70.85%+70.85%
Interarch Building Solutions
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