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DEE Development Engineers Stock Jumps 9% on Subsidiary's ₹20 Crore Global Contract
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DEE Development Engineers Shares Soar 9% on ₹20 Cr International Order Win
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CNBC TV18
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05-03-2026, 16:23
DEE Development Engineers Shares Soar 9% on ₹20 Cr International Order Win
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DEE Development Engineers Ltd shares surged 9% after its material subsidiary secured an international piping supply project.
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Subsidiary DEE Piping Systems (Thailand) Co., Ltd won a Letter of Intent for Heat Recovery Steam Generator (HRSG) piping for a Taiwan-based project.
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The order is valued at approximately €1.9 million (₹20 crore) and is scheduled for execution by May 2027.
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The company clarified no related party transactions are involved, and the customer's name is undisclosed due to commercial considerations.
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Last month, DEE Development Engineers also secured a $40 million order for HRSG piping from a US-based OEM conglomerate.
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