Interarch Building Solutions Limited (INTERARCH)
Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 regarding approval for entering into Joint Venture Agreement and incorporation of joint venture company with E.R steel Inc.
Joint Venture agreement approved with ER Steel Inc., Canada
- JV to develop Open Web Steel Joists (OWSJ) business for North America
- Interarch holds 76%, ER Steel 24% equity in JV
- Initial investment INR 80 Cr, funded in tranches by shareholders
- Interarch leads engineering and manufacturing from India
- ER Steel handles market development and sales in USA & Canada
- JV aims to capture 2-5% market share in next 3 years
Source: Original filing PDF
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🚨 INTERARCH — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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