Acquisitions16 May 2025, 12:36 pm
Interarch Building Solutions Acquires Land in Andhra Pradesh for Rs. 18.80 Crores
AI Summary
Interarch Building Solutions Ltd. has acquired land admeasuring 20.00 acres in Andhra Pradesh for a total consideration of Rs. 18.80 crores. The land, located at APIIC Industrial Park, Attivaram Village, Ozili Mandal, Tirupati District, Andhra Pradesh, includes Plot No. 9/1 and Survey Numbers 76, 77, 78, 79, 80, 92, 93, and 94. This acquisition is aimed at setting up an additional manufacturing facility in the region to cater to increasing demand and capitalize on emerging opportunities. This move aligns with the Company’s growth plans and is expected to enhance operational efficiencies, expand manufacturing capabilities, and strengthen the Company's competitive position in a rapidly growing market.
Key Highlights
- Interarch Building Solutions Ltd. has acquired 20.00 acres of land in Andhra Pradesh for Rs. 18.80 crores.
- The land is located at APIIC Industrial Park, Attivaram Village, Ozili Mandal, Tirupati District, Andhra Pradesh.
- The acquisition is aimed at setting up an additional manufacturing facility in the region.
- This move aligns with the Company’s growth plans and is expected to enhance operational efficiencies and expand manufacturing capabilities.
- The new facility is expected to strengthen the Company's competitive position in a rapidly growing market.