DEE Development Engineers Limited has informed its Material Subsidiary M/s DEE Piping Systems (Thailand) Co. Ltd. has received an Order amounting to Euro 1.9 Million equivalent to INR 20 Crores.
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DEE Development Engineers' material subsidiary in Thailand, DEE Piping Systems (Thailand) Co. Ltd., has received a Letter of Intent for prefabrication and supply of HRSG (Heat Recovery Steam Generator) piping and supports for a Taiwan-based international customer. The order is worth approximately Euro 1.9 million, equivalent to around INR 20 crores. The customer name has not been disclosed due to commercial sensitivity. The order is to be executed by May 2027. The promoter group has no interest in the awarding entity, and the deal is not a related-party transaction.
This is a modest, positive order win that adds to the company's order book and reinforces its international presence, with the foreign-currency (Euro) revenue offering a natural hedge against rupee depreciation.