Rs 1,275 Crore Order Book: Piping Solutions Company Partners with International Clean-Tech Partner to Accelerate Green Hydrogen Solutions in India and Thailand

The stock is up by 82 per cent from its 52-week low of Rs 167 per share.

DEE Development Engineers Limited (DDEL), a prominent Indian provider of specialised process piping solutions, has entered the green hydrogen sector through a strategic partnership with an International Clean-Tech Partner. This collaboration aims to deploy modular hydrogen production systems across India and Thailand. Under a newly signed Memorandum of Understanding (MoU), the two companies will jointly develop, bid for, and execute Green Hydrogen Production System Projects. The partnership leverages the International Clean-Tech Partner's global leadership in hydrogen technologies, including Electrolysers, Separators, and Hydrogen Purification Systems, combined with DDEL’s expertise in manufacturing ultra-pure hydrogen purification systems with up to 99.9999 per cent purity, project execution, marketing, and an established customer base.

The International Clean-Tech Partner brings extensive experience in environmental and clean energy systems, with a global presence in advanced hydrogen generation plants and ultra-low emission technologies. DDEL has significantly bolstered its Green Energy Portfolio by acquiring a majority stake in Molsieve Designs Limited, a company with over two decades of experience in manufacturing high-purity hydrogen purification systems with up to 99.9999 per cent purity. This acquisition enhances DDEL's technical capabilities and production capacity in clean energy. The MoU outlines that the International Clean-Tech Partner will provide technical support for containerised and modular green hydrogen projects, supply core systems, and collaborate on digital modelling and co-branded outreach. DDEL will handle local marketing, tender participation, project execution, statutory clearances, and after-sales service in India and Thailand.

This alliance offers a significant competitive advantage in the rapidly expanding green hydrogen sector, combining global technological depth with strong local execution capabilities. The collaboration aligns directly with India’s National Green Hydrogen Mission, supporting the nation’s vision to become a global hub for green hydrogen production and export. By advancing green hydrogen projects, DDEL contributes to India’s goal of self-reliance in clean energy, reducing fossil fuel dependence, and driving significant decarbonization of the economy. The partnership also aligns with Thailand's renewable energy roadmap, reinforcing DDEL’s commitment to sustainable infrastructure and the global transition to clean, renewable energy.

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. With expanding manufacturing facilities in India and Thailand, DDEL is also venturing into power generation through biomass plants and wind turbine tower production, positioning itself for sustained growth and innovation across multiple sectors.

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. On Friday, shares of DDEL gained 9.7 per cent to Rs 303.30 per share from its previous closing of Rs 276.55 per share. The stock’s 52-week high is Rs 400 while its 52-week low is Rs 167. The stock is up by 82 per cent from its 52-week low of Rs 167 per share.

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