Interarch Building Solutions Limited has informed the Exchange about Bagging/Receiving of orders/contracts
INTERARCH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Interarch Building Solutions Limited has announced securing a new order under Regulation 30 of SEBI Listing Regulations. The order is for the design, engineering, manufacturing, supply and erection of a Pre-Engineered Steel Building System. The order value is approximately Rs. 102 Crores plus taxes. The customer name cannot be disclosed due to confidentiality and commercial considerations. The order is domestic and has an estimated completion period of 8-10 months. The company has confirmed that no promoter or group companies have any interest in the entity awarding the order.
A positive development for the company as it adds to its order book. The Rs. 102 Crore order represents new business visibility over the next 8-10 months, though the positive impact may be muted by the inability to disclose the customer name.