Interarch MoU with ER Steel for North American Expansion

Interarch approved a non-binding MoU with Canada's ER Steel to explore a 50:50 joint venture for Open Web Steel Joists in North America.
The JV proposes Interarch handle engineering and manufacturing from India while ER Steel leads North American sales and marketing.
No financial terms are finalized; feasibility studies will evaluate capex, costs, and returns before definitive agreements.
The collaboration aims to establish a cost-efficient manufacturing platform in India for export to North American markets.