Rs 800 crore order book: Piping solutions company bags new orders worth USD 17,53,244 from Mitsubishi Heavy Industries Ltd & GE Vernova International LLC
The company has a market cap of Rs 2,400 crore and an order book of over Rs 800 crore.
DEE Development Engineers Limited announced that the company has secured new international orders valued at a total of USD 17,53,244. These orders come from two industry leaders: Mitsubishi Heavy Industries Ltd (MHI) and GE Vernova International LLC.
Mitsubishi Heavy Industries Order:
- Order Value: USD 1,279,995 (PO)
- Project: Supply of pre-fabricated Carbon & Stainless-Steel Piping Items
- Delivery Timeline: 10 Months
GE Vernova International Order:
- Order Value: USD 473,249 (PO Amendment)
- Project: Supply of pre-fabricated Carbon Steel Piping Items
- Delivery Timeline: 7 Months
DEE is proud to partner with both MHI and GE Vernova on these important projects. These orders showcase DEE's expertise in pre-fabricated piping solutions and its ability to meet the demands of international clients.
On July 25, 2024, DEE Development Engineers Limited secured a domestic order from Bharat Heavy Electricals Limited (BHEL), to supply 26.2 metric tons of P92 piping. This high-strength steel is essential for critical power generation applications. Valued at approximately Rs 6,33,00,000, the contract mandates delivery between June 25th and August 25th, 2025.
About the Company
Dee Development Engineers Limited (DDEL) is a global leader in specialized 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 company has a market cap of Rs 2,400 crore and an order book of over Rs 800 crore. On Friday, shares of DDEL plunged 1.16 per cent to Rs 362.45 per share from its previous closing of Rs 362.45 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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