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.
Awaiting price reaction for this filing.
Interarch Building Solutions has secured a Letter of Intent from Rungta Mines Limited for the design, engineering, manufacturing, supply and erection of a Pre-Engineered Steel Building System. The contract is valued at approximately ₹90 crores and is a domestic order, to be executed over 6 to 8 months. Payment terms include a 10% advance and 10% on approval of drawings and design. The order is not a related party transaction and the promoter group has no interest in the awarding entity.
This is a sizeable order for Interarch and provides good near-term revenue visibility given the 6–8 month execution timeline. Positive for the stock as it strengthens the order book, though investors should watch for execution and margin outcomes.