Interarch Building Products Pvt Ltd,a turnkey pre-engineered metal building steel construction company, has signed a memorandum of understanding (MoU) with the Gujarat government for setting up a Rs 150 crore manufacturing facility for heavy steel pre-engineered sections
According to the MoU, Interarch would be allotted 30-40 acres of land at Dholera for the facility that would have a capacity of 1.5 lakh tonnes per annum.
"We hope to get this land in the next couple of months and the work on the project is expected to commence by year-end. It would be commissioned by 2018," said Arvind Nanda, chief executive officer and founder director, Interarch Building Products Pvt. Ltd.
Interarch has already made 150 independent buildings in Gujarat in the last 10 years and completed projects worth Rs 300 crore.
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 Dholera facility will employ nearly 1,500 people and will cater to industrial, non-industrial and infrastructural building requirements in Gujarat, Maharashtra and Rajasthan.
Interarch's turnover in 2012-13 was over Rs 500 crore and by 2020 the company is targeting to grow the turnover four times, it claimed in a statement here. Interarch has raised the structures and buildings at the Mundra and Pipavav ports in 2006 and 2008 respectively.
There are numerous manufacturing facilities that Interarch has built in the state, to name a few, General Motors India, Tata Motors, Rudraksh soaps & Chemicals ltd., Reliance petroleum ltd, Praj industries, SKF technologies, Welspun Corp Ltd., SPCL Ford India, ABB, TOYO Ceramics IOT Anvesha, Cargo Motors, Thermosol and many more.