DEE Development Engineers Limited has informed the Exchange about Awarding of order(s)/contract(s)
DEEDEV · price
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DEE Development Engineers and its Thailand-based subsidiary DEE Piping Systems have together secured contracts worth about INR 173 Crores. On the domestic side, the parent company won INR 88 Crores in job-work orders: INR 26 Crores from government PSU Bharat Heavy Electricals Limited (BHEL) for critical piping, headers and vessels, and over INR 42 Crores from an Indian-foreign power sector joint venture (name undisclosed). Through its material subsidiary DEE Piping Systems (Thailand), the company also bagged US$ 9.5 million (about INR 80 Crores) from a US-based power sector OEM for HRSG piping and pipe fittings/flanges. The Thailand subsidiary orders are international export deals in hard currency, with deliveries spread across 2027 and 2028.
This is a materially positive development, with new orders worth roughly INR 173 Crores representing a significant share of the company's annual revenue, indicating strong business momentum. The mix of a reputed PSU client (BHEL), an undisclosed large power-sector JV, and a US-based OEM diversifies the order book and validates product quality, which should support the stock in the near term.