Interarch Building Solutions Secures Rs. 84 Cr Order from Shyam Sel
Filing Summary
Interarch Building Solutions Ltd has received an order from M/s Shyam Sel and Power Limited. The order involves the design, engineering, manufacturing, supply, and erection of a pre-engineered steel building system. The contract is valued at approximately Rs. 84 crore plus taxes and is expected to be completed within 12 months. A 10% advance payment will be made upon order placement. The order is domestic, and there are no related party transactions involved. This update was disclosed under Regulation 30 of the SEBI Listing Regulations.
Interarch Building Solutions Ltd has announced the receipt of an order from M/s Shyam Sel and Power Limited. The order pertains to the design, engineering, manufacturing, supply, and erection of a pre-engineered steel building system. The contract is valued at approximately Rs. 84 crore plus applicable taxes.
The order specifies a completion period of 12 months. A 10% advance payment will be made along with the order. The scope of work includes complete design, engineering, manufacturing, and supply. The order is classified as domestic, with no international involvement.
There are no interests from the promoter or promoter group in the entity awarding the contract. Additionally, the transaction does not fall under related party transactions, ensuring it is conducted at arm’s length.
Shyam Sel and Power Limited is involved in the steel and power sectors, focusing on the production and distribution of steel products. The company engages in various projects requiring specialized building solutions.
Interarch Building Solutions Ltd specializes in pre-engineered building systems and solutions. The company focuses on delivering comprehensive design and engineering services, catering to diverse industrial and commercial needs.