The market for steel construction is growing exponentially in India with consumers opting for new-age technologies as well as the need for rapid infrastructure development to match the economic growth of the country. The advantages of having a steel structure or building over a concrete one are far too many, and we are confident that affordable house is going to be the next big thing for pre-engineered steel building players. We, however, feel that it may take couple of years more to change the perception of people, and to convince the government officials of the benefits of using steel over RCC.
The biggest advantage of using pre-engineered structural steel system is time saving, as steel is manufactured in a plant and directly shipped to site for erection. Buildings can be completed faster and upto 40% of time can be saved in overall execution. Also, only erection of the building is done at site using nuts & bolt assembly by skilled workforce, and lesser resources are used also, there is not much dependency on labours. Even the chances of delay in project timelines due to various external factors are reduced by almost 80-90%.
Pre-engineered steel buildings are not just eco-friendly, but also profitable in the long run. The structures are made of 100% steel which is recyclable upto 90%, this saves primary resources and reduces waste, and hence, saves energy. Our buildings help in reducing the carbon footprint by reducing the solid waste, improving air and waste quality and conserving natural resources by reducing the rate of consumption. We employ energy-efficient methods in steel production that help to substantially reduce greenhouse gas emissions in our state-of-the-art manufacturing facilities. Pre-engineered steel buildings are pollution-free and further recyclable. Even after demolition, our buildings don't accumulate wastage like asphalt shingles, concrete, brick, and dust in the environment, and steel can be recycled for other applications too. All these points help in attaining LEED rating in buildings.
Nowadays, more than 95% of industrial construction for plants and warehouse buildings are done using pre-engineered steel. With many state governments providing a favorable environment and tax benefit to set-up new industries, we feel that infrastructure development is going to accelerate in the years to come. Industries like Automotive and Automotive Ancillary, Cement, Manufacturing, Power Plants, Ports, Warehousing, etc., are ideal for pre-engineered buildings and these sectors have a huge opportunity in times to come, and we are all geared up.
Currently, almost all Railway stations and Metro stations are using Pre-Engineered Steel for construction of new stations. Even Train depots, Skyways, and Footover bridges over railway tracks are being built using Pre-Engineered Structural Steel. We feel the allocation of Rs.1.31 trillion to Indian Railways and Rs.17,810 crore for metro projects across the country, will definitely have a positive outlook for the Pre-Engineered Building Industry. Interarch has recently finished a Bridge Girder Project for Delhi Metro and we are currently working on Mumbai Metro Depot at Taloja in Mumbai.
We, at Interarch, are focusing on providing international quality buildings to our customers; we have enjoyed a good market share in the industry and are placed among the top 3 of the PEB manufacturers in India. The last few years have been exceptionally good for Interarch and we have grown year-on-year in terms of topline. This year also, in 40 days we have won orders for over Rs.150 crore from Parle Agro, Greenply Industries, Asian Paints, Tata Motors, Safex Logistics Solutions, and many others.
