Shares of Interarch Building Products Ltd. rose by 2.5% to reach a day’s high of Rs 1,445.50 on 30th September, after the company announced it had acquired 51,926 square metres of land in Gujarat to establish a new manufacturing facility. The company has invested Rs 7 crore in the acquisition.

This land acquisition supports Interarch’s long-term goal of expanding its national presence and meeting the rising demand for high-quality pre-engineered buildings across India.

The newly acquired land will boost the company’s usable capacity, allowing Interarch to meet increasing demand more effectively.

It also highlights Interarch’s focus on enhancing supply chain capabilities in Western India, ensuring closer proximity to customers for better service.

Gujarat was chosen strategically as it is emerging as a hub for industries like semiconductors, renewable energy, and data centres.

Interarch has previously completed major projects in Gujarat for clients like Asian Paints, Timken, Asahi Glass, MG Motors, and Micron through Tata Projects Ltd.

MD Arvind Nanda stated that the new land acquisition will enhance production capabilities to meet the growing demand for pre-engineered building solutions in key markets.

At 3:30 PM, the shares of Interarch Building Products closed 1.35% higher at Rs 1,421 on NSE.

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