Intimation under Regulation 30 of the SEBI(LODR) Regulations ,2015 for entering MOU with ER Steel Inc., British Columbia , Canada, for exploration and development of open web steel joists(OWSJ) ....
INTERARCH · price
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Interarch Building Solutions has signed a non-binding MoU with ER Steel Inc., a Canada-based structural steel company, to explore setting up a 50:50 joint venture for Open Web Steel Joists (OWSJ) business in North America. Under the proposed arrangement, Interarch will lead engineering, detailing, manufacturing and quality compliance from India, while ER Steel will handle market development, sales and marketing in Canada and North America. The parties also intend to evaluate establishing a manufacturing base in Ativaram, Andhra Pradesh. No financial terms have been finalized yet as the MoU is subject to feasibility studies and definitive agreements.
This partnership signals Interarch's strategic push into the North American OWSJ market by leveraging India's manufacturing cost advantages combined with ER Steel's local market presence. The 50:50 JV structure indicates equal commitment from both parties and could open new revenue streams through engineering and manufacturing exports.