News
Interarch Building Products Inaugurates Fifth PEB Manufacturing Plant in Andhra Pradesh
New Delhi / September 4, 2024: Interarch Building Products Limited today announced that the Company has inaugurated its fifth PEB manufacturing plant (fourth fully integrated unit) in Attivaram Village, Nellore District, Andhra Pradesh. This manufacturing facility is equipped with the latest technology and has capabilities to manufacture pre-engineered steel (PEB) structures and pre-engineered metal roofing and cladding systems. This plant will contribute significantly to the region’s industrial growth.
The Company inaugurated Phase 1 of the plant, which covers 4 acres of the plot and has been built at an investment of Rs 40 crores (including cost of land). The investment for phase 1 has been funded by internal accruals and will increase Interarch’s installed capacity by 20,000 MT per annum. This unit has generated new job opportunities for approximately 250 people, the company said in a press statement.
Interarch Building Products further did the groundbreaking ceremony for the Phase 2 of the plant, which covers 6 acres of the plot and will increase the company’s installed capacity by 40,000 MT, increasing the overall capacity to 2 lakh MT per annum. The total plant area of phase 2 will be 2 lakh Sq. Ft and is likely to be commissioned over the next 7-8 months. Phase 2 will be set up at an approximate cost of Rs 57 crores, funded through IPO proceeds. In Phase 2, the company expects to create direct and indirect jobs for approximately 500 people, the statement added.
Arvind Nanda, Managing Director, and Gautam Suri, Whole Time Director, Interarch Building Products Limited, said, “We are excited to announce the inauguration of our fifth PEB manufacturing unit in Attivaram, AP, marking a key milestone in our strategic expansion. This achievement not only reflects our robust growth trajectory but also our unwavering commitment to excellence. As we continue to expand, our goal remains clear: to set new standards in the industry through quality, innovation, and customer delight. This new facility enhances our geographical reach and reinforces our commitment to innovation, quality, and sustainability. We look forward to contributing to the region’s economic development and meeting the growing demand with excellence.”
Manish Garg, CEO, Interarch Building Products Limited said, “Inaugurating this fully integrated PEB manufacturing unit in Attivaram is a proud moment for all of us at Interarch. This new facility represents our dedication to driving progress and creating value for our clients and the communities we serve. This new facility will help us service the increasing demand from our discerning consumers and help us meet our aggressive growth plans.”
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