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Interarch Building Products Pvt Ltd, a high-end interior products manufacturer, plans to invest Rs 150 crore in its proposed plant at Dholera in Gujarat over the next three years.
MoU signed
In this connection, Interarch signed an MoU with the Government of Gujarat, during the industrial promotion fair early this year, Arvind Nanda, Chief Executive Officer (CEO), told Business Line , on Wednesday.
Under the MoU, the company will be allotted 30-40 acres for its pre-engineered buildings and heavy steel pre-engineered sections manufacturing facility. “We hope to get this land in the next couple of months,” he said, adding that work on the project is expected to commence by year-end. It would be commissioned by 2018.
The combined capacity of the company’s three existing plants in Utttarakhand and Tamil Nadu is one lakh tonnes per annum, scalable by another 50,000 tonnes.
The capacity of the Dholera plant, Nanda said, will be 1.50 lakh tonnes per annum. Interarch’s turnover in 2012-13 was over Rs 500 crore, he said. By 2020, the company is looking to quadruple its turnover.
At Dholera, Interarch will employ nearly 1,500 people. The facility will cater to industrial, non-industrial and infrastructural building requirements in Gujarat, Maharashtra and Rajasthan.
Interarch has among its clients, both major international and national names in the corporate world. “In Gujarat, we have worked for Ford, General Motors, ABB, Hitachi, Tristar, Reliance, SKF, and Pipavav Port and others,” said Nanda.
Commencing its operations in 1984, Interarch pioneered the high-end metal interior products market in India. It is now a leading turnkey pre-engineered steel construction solution provider. Indivision Investments Advisor Ltd, a private equity arm of the Future Capital Holdings Ltd (FCH), owns a 13 per cent stake in the company. Future Capital is a part of Future Group.
Interarch’s two existing manufacturing facilities are located at Rudrapur and Kiccha in Uttarakhand and Sriperumbudur in Tamil Nadu.
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