Ahlada Engineers Limited — Capital/Financing Update 2021

Aug 20, 2021

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Press Release – For immediate dissemination

- Ahlada Engineers Limited New Business Contract

Hyderabad, August 20, 2021: Ahlada Engineers Limited has secured an order worth of Rs. 51.36 Crores (including GST) from the Government of Andhra Pradesh.

Ahlada Engineers Limited has secured an order from Andhra Pradesh Education & Welfare Infrastructure Development Corporation (APEWIDC). This project is part of flagship program “MANA BADI - NADU NEDU " Phase-II of Government of Andhra Pradesh.

The scope of the project includes supply and installation of Powder Coated Galvanized Steel Doors (Frames with Shutters) to Government Schools (Educational Institutions) in the state of Andhra Pradesh. The contract is to be executed within a time span of 3 months

Commenting on the same, Managing Director, Ch. Suresh Mohan Reddy said that “we have successfully completed supplies of products allotted to us, viz. Ceramic Steel Green Chalk Boards, Dual Desks and Purified Drinking Water System under Phase-I of flagship program “MANA BADI - NADU NEDU.

These contracts are in addition to the existing business with Tata Steel Limited and other clients. Further we are looking forward for repeat orders from Government of Andhra Pradesh for supply of Green Chalk Boards, Dual Desks and Purified Drinking Water System under Phase-II as well. We also intend to work with other State Governments and private institutions for supply of similar products throughout India to expand to expand our network, with an endeavor to increase revenue and profitability.

We are also working on to set up our own distribution network for supply of steel doors and steel windows across the country.”

About Ahlada:

Ahlada Engineers Limited is in the business of manufacturing steel doors and windows (steelframe) and we cater to customers across various segments and industries. We currently have our facilities spread across 3 manufacturing units in addition to one assembling unit and stock yard, on the outskirts of Hyderabad.