Interarch Building Solutions Secures ₹90 Crore Contract from Rungta Mines
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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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
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.21% | -0.83% | -14.25% | +31.60% | +70.85% | +70.85% |