Interarch Building Products, a leading player in the pre-engineered building industry, is planning to double its turnover to Rs 2,500 crore by 2028, Managing Director Arvind Nanda has said. The company, which got listed recently, clocked a turnover of Rs 1,293 crore in FY24.
Interarch Building Products, which raised Rs 600 crore through the initial public offering (IPO), is planning to use the proceeds for capital expenditures, system upgrades, and general corporate purposes.
The company had in September announced the acquisition of 51,926 sq mt land in Gujarat, procured at an investment of Rs 7 crore. The move was part of the company's vision to expand its national footprint and meet the increasing demand for high-quality pre-engineered buildings across the country.
The company said it is poised to capitalise on these opportunities. Interarch has executed several large projects in Gujarat for customers like Asian Paints, Timken, Micron (through Tata Projects Ltd), Asahi Glass, and MG Motors.
The company has four fully integrated state-of-the-art manufacturing facilities in Athivaram, Andhra Pradesh; Sriperumbudur in Tamil Nadu; Pantnagar in Uttarakhand; and Kichha in Uttarakhand.
