DEE Development Engineers Limited has informed regarding Disclosure of material issue
DEEDEV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DEE Piping System (Thailand) Co. Limited, a material subsidiary of DEE Development Engineers, has secured a significant order from an International EPC Company for HRSG pipe spool fabrication. The order covers 60% of total capacity and includes shop detailing, procurement, and manufacturing. The agreement runs from June 1, 2027 to December 31, 2029, with a minimum value of US$ 15.27 million per annum. The customer name remains undisclosed for commercial reasons. This is an international export order with payment in US dollars.
The order provides multi-year revenue visibility and locks in 60% of the subsidiary's capacity for about 2.5 years, which is positive for future earnings. The export order in US dollars provides natural hedge against currency risk.