Announcement under Reg 30
DEEDEV · price
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DEE Development Engineers' material subsidiary in Thailand (DEE Piping System Thailand) has secured a significant reservation agreement with an international EPC company for HRSG pipe spool fabrication. The order books 60% of total facility capacity for nearly 2.5 years (June 2027 to December 2029). The contract is valued at a minimum of US$ 15.27 million per annum, totaling potentially over US$ 38 million. The customer name is withheld for commercial reasons but is confirmed as an international (non-Indian) entity, not a related party.
This is a major contract that will drive substantial export revenue in hard currency (USD) over the next 2.5 years. Booking 60% of total capacity signals strong revenue visibility and likely represents a very large percentage of the company's annual revenue, making it highly material for shareholders.