“We are pleased to inform you that the Interarch secures INR 221 Crore orders in the Revolutionary Semiconductor & Lithium-Ion Battery Sector, from Tata Projects Limited, Transforming India’s Tech Landscape,” the company announced in its press release.
The first order is for Tata Semiconductor Assembly & Testing Pvt Limited, for their semiconductor manufacturing facility in Jagiroad, Morigaon, Assam. This project is part of India’s expanding semiconductor ecosystem and aligns with the government’s push to enhance domestic electronics manufacturing.
The second order is for Agratas Energy Storage Solutions Pvt. Ltd. to build India’s largest lithium-ion battery manufacturing unit in Sanand, Gujarat. This facility will serve the growing energy storage market and support India’s shift towards sustainable energy solutions. This marks Interarch’s second lithium-ion battery manufacturing order, following their work with Exide Energy Solutions.
Tata Projects Limited is the EPC contractor for both projects.
Commenting on the development, Mr. Arvind Nanda, Managing Director of Interarch Building Products Ltd., stated: “We are honored to partner with Tata Projects Limited on these groundbreaking initiatives. The semiconductor and energy storage sectors are crucial to India’s economic and technological future. Our versatile and industry-agnostic infrastructure solutions ensure efficiency, reliability, and sustainability in every project. These partnerships reinforce our commitment to fostering innovation and growth in emerging industries.”On Friday, the company’s shares fell nearly 8% to settle at Rs 1,555. According to Trendlyne, the stock price rose 72.72% and outperformed its sector by 57.87% in the past year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
