{
  "id": 9565176,
  "title": "Interarch Building Solutions to invest ₹300 crore for heavy steel plant expansion in Nellore",
  "url": "https://urgent.news/2026/09/24/interarch-building-solutions-to-invest-300-crore-for-heavy-steel",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-24T14:19:56.000Z",
  "source": {
    "name": "The Hindu",
    "slug": "the-hindu",
    "url": "https://www.thehindu.com/news/national/andhra-pradesh/interarch-building-solutions-to-invest-300-crore-for-heavy-steel-plant-expansion-innellore/article71504323.ece"
  },
  "original_language": "en",
  "account": "Interarch Building Solutions Limited, headquartered in Noida, has announced plans to invest ₹300 crore over two years to expand its manufacturing facilities in Athivaram Industrial Park located in Ojili mandal of SPSR Nellore district. The company's managing director, Arvind Nanda, inaugurated a new heavy structural steel manufacturing facility with an initial capacity of 25,000 metric tonnes per annum. Nanda stated that the company intends to double the capacity to 50,000 MT per annum over the next 2.5 years, investing ₹220 crore in the process. A joint venture with a Canadian company has been established to manufacture high-quality products for export, which requires an additional investment of ₹80 crore for expanding design and manufacturing capabilities for complex steel structures. Nanda highlighted that Andhra Pradesh is a thriving market with rapid growth in data centers and capital infrastructure, making it an ideal location for the facility. The new plant is equipped with advanced technology from European providers, enabling high precision fabrication of complex heavy structural members. The strategic location near industrial clusters, ports, and major transportation networks will facilitate efficient movement of materials and finished structures to various project locations. Currently, the existing 10-acre facility employs 450 people, and the new facility is expected to employ 1,000 individuals upon completion. To address this, the company plans to undertake skill development initiatives under CSR to provide employment opportunities to the local youth.",
  "summary": "The Noida-based pre-engineered steel construction company opens a new heavy structural steel manufacturing facility in 20 acre-land at Athivaram Industrial Park near Naidupeta",
  "key_points": [
    "Interarch Building Solutions plans ₹300 crore investment for Nellore plant expansion",
    "Managing director Arvind Nanda inaugurated 25,000 MT capacity steel facility",
    "Joint venture with Canada to double capacity to 50,000 MT over 2.5 years"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}