Rs 1,393.70 Crore Order Book: Piping Solutions Company Bags International Order Worth Rs 55 Crore
The company maintains a market capitalization exceeding Rs 1,700 crore together with an order book totalling Rs 1,393.70 crore during December 2024.
DEE Development Engineers Limited received an international purchase order worth Rs 55 crore to deliver pre-fabricated carbon alloy and stainless-steel piping components for a thermal power station. The company cannot reveal the identity of this customer because of business confidentiality restrictions. The upcoming 7–12-month project represents the company's first deal with this new customer while it strengthens its worldwide presence in the energy sector.
As a global leader, Dee Development Engineers Limited (DDEL) provides specialized process piping solutions to oil and gas and power (including nuclear) and chemical and other process industry sectors. DDEL provides complete design-to-manufacturing solutions while producing high-pressure systems and custom components among a broad spectrum of piping products. The company stands as India's biggest player in this field through its installed capacity while generating more than half of its revenue from Canada Thailand and the USA. DDEL continues to expand its manufacturing bases in India and Thailand while entering the power generation market through biomass plants and wind turbine tower manufacturing to drive long-term growth across different sectors.
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The company maintains a market capitalization exceeding Rs 1,700 crore together with an order book totalling Rs 1,393.70 crore during December 2024. The stock price of DDEL rose by 3.14 percent to reach Rs 262.40 per share after starting the day at Rs 254.40 per share. The stock price reached its highest point at Rs 400 during the last 52 weeks before dropping to Rs 166.6 as its lowest point. Investors should monitor this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.