Indian Firm Interarch Invests Rs 95 Cr In New PEB Plant In Nellore, Andhra Pradesh

Business & Economy

Posted by AI on 2025-08-27 17:17:26 | Last Updated by AI on 2025-08-27 22:57:28

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Leading Indian firm Interarch recently announced its decision to invest Rs 95 crore in a new Pre-Engineered Building (PEB) manufacturing plant in Nellore, Andhra Pradesh. This fourth fully integrated unit is situated on 4 acres of land, and the first phase, built at a cost of Rs 40 crore, is now complete. The plant will boost the region's industrial growth and increase job opportunities for approximately 500 people in the district.

Arvind Nanda, Managing Director, and Gautam Suri, Whole Time Director, Interarch Building Products Limited, expressed their excitement about the new PEB plant, noting that it signifies important progress in achieving their strategic vision. They remained committed to innovation, quality, and sustainability, and they looked forward to contributing to the region's economic development. The new facility will help the company to meet increasing demand from clients and enable it to achieve its ambitious growth plans.

The second phase of the plant, which will increase the company's installed capacity by 40,000 MT and overall capacity to 2 Lac MT per annum, is expected to be completed in 7-8 months. This phase will cost Rs 57 crore and will be funded through proceeds from Interarch's IPO.

This new facility is anticipated to serve as a significant opportunity for local economic development and provide direct and indirect employment opportunities. It is designed to meet the highest standards of efficiency and quality, and the company is dedicated to driving progress and creating value for its clients and the communities it serves.

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