DEE Development Engineers Limited has informed the Exchange regarding a press release dated Jun 09, 2025, titled "Strategic Partnership with International Clean-Tech Partner for Green Hydrogen Production System Projects".
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DEE Development Engineers Limited (DDEL) announced a strategic partnership with an international clean-tech company to co-develop green hydrogen production projects in India and Thailand. The collaboration is based on a Memorandum of Understanding (MoU), under which the partner will provide technology for electrolysers, separators, and hydrogen purification systems, while DDEL will handle local marketing, bidding, project execution, statutory clearances, and after-sales service. DDEL brings expertise in manufacturing hydrogen purification systems with up to 99.9999% purity. The partnership builds on DDEL's recent acquisition of a majority stake in Molsieve Designs Limited, strengthening its clean energy capabilities. The move aligns with India's National Green Hydrogen Mission and Thailand's renewable energy roadmap.
This marks DDEL's formal entry into the fast-growing green hydrogen sector, diversifying beyond its traditional oil & gas and process piping business and potentially opening new long-term revenue streams. For shareholders, it signals a strategic push into clean energy, though actual order wins, project timelines, and revenue contribution remain to be seen.