DEE Development Engineers Bags ₹173 Cr Piping Contracts

DEE Development Engineers Limited (BSE: 544198, NSE: DEEDEV) and its material subsidiary have secured contracts worth approximately ₹173 crore, as disclosed on February 23, 2026.

The company won domestic job work contracts totaling ₹88 crore. This includes a ₹26 crore Letter of Intent from Bharat Heavy Electrical Limited for manufacturing critical piping solutions, such as headers and vessels, with delivery within one year. An additional order exceeding ₹42 crore came from an Indian-foreign power sector joint venture (name undisclosed for commercial reasons) and over ₹20 crore from an Indian power conglomerate, also for critical piping on job work basis, deliverable in one year.



M/s DEE Piping Systems (Thailand) Co., Ltd. secured international contracts from a US-based power sector OEM (name confidential). These cover US$8 million (~₹67 crore) for HRSG piping manufacturing on job work basis for 11 units (delivery by December 2028) and US$1.5 million (~₹12.5 crore) for pipe fittings and flanges with material supply for 7 units (delivery by December 2027).

Shares of Dee Development Engineers Limited was last trading in BSE at Rs. 231.50 as compared to the previous close of Rs. 208.85. The total number of shares traded during the day was 74223 in over 1113 trades.

The stock hit an intraday high of Rs. 241.00 and intraday low of 205.85. The net turnover during the day was Rs. 16849960.00.

Source : Equity Bulls

Keywords

DeeDevelopmentEngineers IndustrialProducts INE841L01016 OrdersWin BHEL DEEPipingSystems