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Engineering Firm's Stock Surges Over 25% in Two Days; Turnover Exceeds Free Float Market Cap
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DEE Development Engineers Soars 25% in Two Sessions on Multiple Order Wins
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CNBC TV18
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23-02-2026, 12:33
DEE Development Engineers Soars 25% in Two Sessions on Multiple Order Wins
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DEE Development Engineers Ltd. shares surged over 25% in two trading sessions, driven by securing multiple new contracts.
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The company announced contracts worth ₹173 crore on Monday, including orders from BHEL and a joint venture in the power sector.
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Its subsidiary, DEE Piping Systems (Thailand) Co. Ltd., secured an order worth nearly $8 million from a US-based OEM for HRSG piping.
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On Friday, DEE Development received a significant $40 million order for HRSG piping from an international entity.
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The stock's turnover exceeded its free float market capitalization, indicating high trading activity and investor interest.
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