Ahlada Engineers takes IPO route after exclusive biz deal with Tata Steel

Hyderabad firm will be sole supplier of 1.2 mn steel doors for Tata Steel's residential and office properties

Tata Steel's green initiative to promote steel substitute for wooden doors in commercial and residential space through an exclusive tie-up with Hyderabad-based Ahlada Engineers has the latter taking initial publAhlada Engineers takes IPO route after exclusive biz deal with Tata Steel ic offering (IPO) route using the NSE SME platform for additional capital to build supply capacities.

Tata Steel had entered into a master manufacturing and supply agreement (MMSA) with Ahlada in August last year for procurement of close to 1.2 million doors in four years with an option to renew the pact for four more years. Coming with a touch