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DEE Development Engineers Shares Soar 14% on ₹173 Crore Contract Wins
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DEE Development Engineers Soars 14% on ₹173 Crore Contract Wins
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Moneycontrol
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23-02-2026, 16:27
DEE Development Engineers Soars 14% on ₹173 Crore Contract Wins
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DEE Development Engineers' shares jumped 14.6% to ₹265.45 after securing contracts worth ₹173 crore.
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The company received a ₹26 crore contract from BHEL for critical piping manufacturing, to be delivered within one year.
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Additional contracts include a ₹42 crore power sector joint venture deal and a ₹20 crore Indian power sector contract for piping solutions.
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Material subsidiary DEE Piping Systems (Thailand) secured a $9.5 million contract from a US-based OEM for HRSG piping and pipe fittings.
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DEE Development Engineers' market capitalization reached ₹1800 crore, with shares strengthening by 30% in one week.
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