Announced Mon, 23 Feb · 10:31 IST

DEE Development Engineers Limited has informed the Exchange it is revising the earlier filing where Annexure IV detailing a domestic order of INR 20 Crores was missing inadvertently and there is no change in the aggregate contract value of INR 173 Crores

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

DEE Development Engineers has revised an earlier filing to add Annexure IV, which was left out by mistake. The missing annexure covers a domestic order of over INR 20 Crores from an Indian power sector conglomerate for piping solutions, to be delivered in 6–8 months. The total value of contracts announced remains INR 173 Crores, with no change. Of this, the parent company has won INR 88 Crores in domestic job-work orders (INR 26 Cr from BHEL for critical piping, INR 42+ Cr from an unnamed Indo-foreign power sector JV, and INR 20+ Cr from the newly added unnamed Indian conglomerate). Its Thailand subsidiary, DEE Piping Systems, has separately won US$ 8 million for HRSG piping and US$ 1.5 million for pipe fittings and flanges from a US-based power sector OEM, with deliveries running through December 2027 and December 2028.

Likely market impact

Positive for the stock — the revision simply restores the full INR 173 Crore order pipeline, reinforcing a strong order book. The US-dollar export order via the Thailand subsidiary adds foreign currency revenue and extends visibility through 2028, supporting future growth.