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DEE Development Engineers Limited ( (IN:DEEDEV) ) has shared an announcement.
DEE Development Engineers Limited has secured its first contracts for the supply of seamless pipes to a domestic customer, a joint venture between an Indian and foreign power sector conglomerate. The alloy steel seamless pipes will be produced at the company’s newly established forged seamless pipe plant in Anjar, Gujarat, marking a strategic move into seamless pipe manufacturing and strengthening its position in the industrial supply chain.
The contracts, formalized through a letter of intent, are valued at INR 58 crore and are scheduled for execution by December 2026. This order is expected to support ramp-up of the new facility, enhance revenue visibility, and underscore the company’s growing role as a domestic supplier to large power sector projects, with no related-party involvement disclosed in the transaction.
More about DEE Development Engineers Limited
DEE Development Engineers Limited is an Indian engineering company focused on piping solutions and related products for sectors such as power and process industries. The company operates multiple manufacturing units in Haryana and has recently added a forged seamless pipe plant in Anjar, Gujarat to expand its product capabilities.
Average Trading Volume: 209,328
Technical Sentiment Signal: Buy
Current Market Cap: 19.49B INR
Learn more about DEEDEV stock on TipRanks’ Stock Analysis page.