DEE Development Engineers Secures ₹58 Crore Order, Yet Stock Declines Post 45% Surge

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DEE Development Engineers Bags ₹58 Cr Order, Stock Falls After 45% Rally

DEE Development Engineers Bags ₹58 Cr Order, Stock Falls After 45% Rally

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CNBC TV18•27-02-2026, 10:18

DEE Development Engineers Bags ₹58 Cr Order, Stock Falls After 45% Rally

•DEE Development Engineers secured a new ₹58 crore order for alloy steel seamless pipes.
•The order is from a domestic entity, a joint venture of Indian and foreign power sector conglomerates.
•This marks the company's first contract for seamless pipes from its new Anjar, Gujarat plant.
•The contract is slated for execution by December 2026.
•Despite the new order, the stock fell 1.2% on Friday, snapping a five-day, 45% rally.

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