Interarch Building Solutions Explores North American Steel Market with ER Steel Partnership

New Delhi, India – May 13, 2026 – Interarch Building Solutions Ltd. has entered into a Memorandum of Understanding (MoU) with Canada's ER Steel Inc. to explore a significant joint venture focused on the Open Web Steel Joists (OWSJ) business in North America.

This non-binding agreement, signed on May 13, 2026, proposes a 50:50 partnership. The collaboration aims to leverage Interarch's established engineering and manufacturing expertise in India to serve the North American market. ER Steel Inc. is slated to lead market development and customer relations within North America.

Expanding Market Reach

The core objective of this alliance is to jointly develop and penetrate the North American market for OWSJs. The partnership intends to create a cost-efficient platform in India for the design, engineering, manufacturing, and supply of these specialized steel components. Under the proposed structure, Interarch would handle engineering, detailing, production, and quality control from India.

Strategic Move for Growth

This MoU marks Interarch's strategic move to access the substantial North American construction sector. By utilizing India's competitive cost advantages in engineering and manufacturing, the company seeks to offer a compelling OWSJ product to international clients. Such a collaboration could drive significant export revenue growth for Interarch Building Solutions.

Interarch's Foundation

Interarch Building Solutions Ltd. is a recognized name in India's steel fabrication and pre-engineered building industry, known for its integrated steel solutions for various industrial and infrastructure projects.

Key Deal Components

Under the terms being explored:

• Interarch Building Solutions will gain access to the North American OWSJ market.
• A potential 50:50 joint venture with ER Steel Inc. may be established.
• Indian engineering and manufacturing capabilities will be directed towards export markets.
• ER Steel Inc. will spearhead market development and sales initiatives in North America.
• The feasibility of establishing a manufacturing base in Ativaram, Andhra Pradesh, is under consideration.

Potential Risks

It is important to note that the MoU is generally non-binding, with confidentiality and dispute resolution clauses being exceptions. Definitive agreements for the joint venture are subject to the successful completion of feasibility studies.

Industry Context

Major Indian steel companies, including Tata Steel and JSW Steel, offer broad structural steel and construction solutions. Additionally, firms like Kalpataru Power Transmission and PSP Projects are active in large-scale construction projects that require substantial steel structures.

Next Steps

Investors and observers will be tracking several key developments:

• The completion of feasibility studies for the proposed joint venture.
• The signing of definitive agreements between Interarch Building Solutions and ER Steel Inc.
• Progress on evaluating and potentially establishing the manufacturing facility in Ativaram, Andhra Pradesh.
• The early results of ER Steel Inc.'s market development and sales efforts in North America.