DEE Development Engineers announced on August 2 that it has secured two international orders totaling Rs 14 crore from Mitsubishi Heavy Industries, Japan, and GE Vernova International. These contracts involve the supply of pre-fabricated carbon and stainless-steel piping components, according to a regulatory filing by the company.
The order from Mitsubishi Heavy Industries is valued at $1,279,995 and is expected to be completed within 10 months. The GE Vernova International order is worth $473,249 and is anticipated to be fulfilled in 7 months.
This announcement follows closely on the heels of another recent order win for DEE Development Engineers. On July 19, the company reported securing a Rs 6.33 crore purchase order from Bharat Heavy Electricals (BHEL) for the supply of 26.2 MT of turbine integral piping (P-92), with execution scheduled between June and August 2025.
DEE Development Engineers recently made its stock market debut on June 26, listing at Rs 339, a 67 percent premium over the issue price of Rs 203. The company specializes in providing engineering, procurement, and manufacturing services for process piping solutions across industries such as oil and gas, power (including nuclear), and chemicals.
As of the latest market close, shares of DEE Development Engineers were trading at Rs 358, reflecting a slight dip of over one percent from the previous close on the NSE. Despite this, the company’s shares have seen an 8 percent gain over the past month.
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Source: Moneycontrol
News Desk
