Rs 1,275 crore order book: Piping solutions company receives purchase order of USD 10 Million from international client

The stock is up by 93.33 per cent from its 52-week low of Rs 166.60 per share.

On Wednesday, shares of DEE Development Engineers jumped 6.1 per cent to Rs 322.10 per share from its previous closing of Rs 303.60 per share. The stock’s 52-week high is Rs 400 per share and its 52-week low is Rs 166.60 per share.

DEE Development Engineers Limited (DDEL) has secured a significant international purchase order valued at USD 10 million from an undisclosed customer for piping fabrication work on a material basis. This contract, which involves piping spool fabrication, including NDT, PWHT, blasting & painting, packing, and transportation up to FOB port, is to be executed by February 28, 2026. The identity of the international client remains confidential due to commercial considerations.

Earlier, the company had strategically partnered with an International Clean-Tech Partner to enter the green hydrogen sector. This collaboration will deploy modular hydrogen production systems in India and Thailand, leveraging the partner's global hydrogen technology leadership and DDEL's expertise in ultra-pure hydrogen purification systems, project execution, and an established customer base. DDEL also bolstered its green energy portfolio by acquiring a majority stake in Molsieve Designs Limited. This alliance strengthens India's National Green Hydrogen Mission and contributes to both India and Thailand's clean energy goals.

About the Company

Dee Development Engineers Limited (DDEL) is a global leader in specialised process piping solutions, catering to sectors like oil and gas, power (including nuclear), chemicals, and other process industries. Offering a comprehensive service from design to manufacturing, DDEL produces a wide range of piping products including high-pressure systems and custom components. As India's largest player in this domain by installed capacity, the company has a strong international footprint, generating over half its revenue from markets like Canada, Thailand, and the USA.

The order book as of April 30, 2025, stood at Rs 1,275 crore and has a market cap of over Rs 2,000 crore. The stock is up by 93.33 per cent from its 52-week low of Rs 166.60 per share.

Disclaimer: The article is for informational purposes only and not investment advice.