Interarch Building Solutions to invest ₹300 crore for heavy steel plant expansion in Nellore

Noida-based Interarch Building Solutions Limited is going to invest ₹300 crore in a phased manner over the next couple of years to expand its manufacturing facilities in Athivaram Industrial Park at Ojili mandal in SPSR Nellore district, said the company’s managing director Arvind Nanda. He inaugurated a new heavy structural steel manufacturing facility with an initial manufacturing capacity of 25,000 metric tonne (MT) per annum in 20 acre-land at the Industrial Park on Thursday.

Speaking to The Hindu , he said, “We will be investing around ₹220 crore in this facility to double its capacity to 50,000 MT per annum over the next two-and-a-half years. We recently signed a joint venture with a Canadian company to manufacture high-quality products for export. For that, we are investing ₹80 crore to expand our capabilities in designing and manufacturing complex steel structures.”