Interarch Building Solutions Wins Major ₹90 Crore Rungta Mines Contract

Hey there, finance enthusiasts! 👋 Let’s dive into some exciting news from the corporate world. Interarch Building Solutions Limited, known for its innovative construction solutions, has just announced a significant new order that’s sure to bolster its project pipeline.

The company has successfully bagged a substantial contract from Rungta Mines Limited! This isn’t just any order; it’s for the Design, Engineering, Manufacturing, Supply & Erection of a Pre-Engineered Steel Building System. Talk about a comprehensive package! 🏗️

This domestic project comes with an approximate commercial consideration of ₹90 Crores, marking a considerable win for Interarch. The best part? The project is slated for completion within a brisk 6 to 8 months, indicating efficient execution and a quick turnaround.

Interarch has already received a Letter of Intent (LOI) from Rungta Mines, solidifying the deal. The payment terms are also favorable, including a 10% advance and another 10% upon approval of drawings and design. This structure provides good cash flow management for the project.

This new contract highlights Interarch’s expertise in the pre-engineered steel building sector and its strong position in the Indian market. It’s a clear indicator of the company’s continued growth and its ability to secure large-scale projects from prominent clients like Rungta Mines. Keep an eye on Interarch as they continue to innovate and build! ✨

source: Corporate Announcement

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