Interarch Building Products said that it has invested total Rs 97 crore in its fifth (pre-engineered steel buildings) PEB manufacturing plant in Attivaram Village, Nellore, Andhra Pradesh.

The said manufacturing facility is equipped with the latest technology and has capabilities to manufacture pre-engineered steel (PEB) structures and pre-engineered metal roofing and cladding systems. 

This plant will contribute significantly to the region's industrial growth.

The company has inaugurated phase 1 of the plant, which covers 4 acres of the plot and has been built at an investment of Rs 40 crore (including cost of land). 

The investment for phase 1 has been funded by internal accruals and will increase the companys installed capacity by 20,000 MT per annum.

The company further did the groundbreaking ceremony for the Phase 2 of the plant, which covers 6 acres of the plot and will increase the companys installed capacity by 40,000 MT, increasing the overall capacity to 2 Lakh MT per annum. 

The total plant area of phase 2 will be 2 lakh Sq. Ft and is likely to be commissioned over the next 7-8 months.

The Phase 2 plant will be set up at approximate cost of Rs 57 crore, funded through IPO proceeds. 

In Phase 2, the company expects to create direct and indirect jobs for approximately 500 people.