Rs 800 crore order book: Piping solutions company bags new order worth Rs 6,33,00,000 from Bharat Heavy Electricals Ltd
The company is clearly positioned for continued growth and innovation across multiple sectors.
DEE Development Engineers Limited has secured a purchase order from Bharat Heavy Electricals Limited (BHEL) for the supply of 26.2 metric tons (MT) of P92 piping. P92 piping is a high-strength steel specifically chosen for critical applications in the power generation industry. This domestic contract, valued at approximately Rs 6,33,00,000, requires DEE Development Engineers Limited to deliver the piping between June 25th and August 25th, 2025.
DEE Development Engineers Limited (DDEL) is a leading global provider of specialized process piping solutions for various industries, including oil and gas, power (nuclear included), chemicals, and other process industries. They offer a complete service encompassing engineering, procurement, and manufacturing. DDEL boasts a wide range of piping products, from high-pressure systems to customized components.
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They hold the title of India's largest player in process piping solutions by installed capacity and have a strong international presence, with over half their revenue coming from countries like Canada, Thailand, and the USA. Their manufacturing facilities, spread across India and Thailand, boast an impressive production capacity, which is continuously being expanded to meet growing demands. DDEL also ventures into power generation with biomass plants and wind turbine tower production through a subsidiary. The company is clearly positioned for continued growth and innovation across multiple sectors.
The company has a market cap of Rs 2,400 crore and have an order book over Rs 800 crore. On Friday, shares of DDEL plunged 2.32 per cent to Rs 352.25 per share from its previous closing of Rs 360.60 per share. The stock’s 52-week high is Rs 400 while its 52-week low is Rs 310.20. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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