Interarch Building Solutions has secured a major order from Rungta Mines, with a letter of intent (LoI) already received from the customer.
The contract involves the design, engineering, manufacturing, supply & erection of pre-engineered steel building system for the company. As per the agreed terms, the order specifies a 10 percent advance payment and an additional 10 percent payable upon approval of drawings and designs. The project has been awarded by a domestic entity and is scheduled to be executed within a period of six to eight months.
The commercial size of the order stands at approx. Rs 90 crore, underscoring its significance in Interarch’s project portfolio. This development further strengthens the company’s position in the preengineered steel buildings (PEB) segment, where it has consistently delivered large-scale industrial and infrastructure solutions. The structured payment terms and clear execution timeline reflect confidence between both parties, ensuring timely delivery and successful completion of the project.