DEE Development Engineers Limited has announced the securing of new contracts aggregating approximately ₹173 crore.
The orders, awarded to the company and its material subsidiary, involve the supply of critical piping solutions on both job work and material basis for clients in the power sector.
On February 23, 2026, DEE Development Engineers informed the stock exchanges that it, along with its material subsidiary M/s DEE Piping Systems (Thailand) Co., Ltd., has been awarded contracts totalling around ₹173 crore.
The company has secured domestic contracts worth ₹88 crore on a job work basis. The Thailand-based subsidiary has received international orders valued at US$8 million on a job work basis and US$1.5 million on a material basis.
The company has received a Letter of Intent from Bharat Heavy Electrical Limited for the manufacturing and supply of critical piping, including headers and vessels. This order, valued at ₹26 crore, is for supply on a job work basis and is scheduled for delivery within 1 year.
Another significant domestic order, valued at more than ₹42 crore, has been awarded by a joint venture of an Indian and a foreign conglomerate in the power sector. The contract involves the manufacturing of critical piping solutions on a job work basis, with delivery expected within 1 year.
The company has also secured an order valued at more than ₹20 crore from an Indian conglomerate in the power sector for the manufacturing of piping solutions. This contract is to be executed within 6 to 8 months.
M/s DEE Piping Systems (Thailand) Co., Ltd., the material subsidiary, has been awarded contracts by a US-based OEM in the power sector. The first part of the order, worth approximately US$8 million, is for the manufacturing of HRSG Piping for 11 units on a job work basis. This portion is to be delivered by December 2028.
The second part of the international order, valued at approximately US$1.5 million, involves the manufacturing of Pipe Fittings and Flanges with material for 7 units. This segment of the contract is scheduled for delivery by December 2027.
Read More: DEE Development Engineers Share Price Gains Over 8%; Secures $40 Million HRSG Piping Order from US Based OEM!
As of February 23, 2026, at 10:59 AM, DEE Development Engineers share price on NSE was trading at ₹266.48 up by 15.60% from the previous closing price.
DEE Development Engineers has announced a total order inflow of approximately ₹173 crore from multiple contracts. The orders include domestic business from Indian power sector entities and international work for its Thailand subsidiary, covering both job work and material-based supply of piping solutions over varying delivery timelines.
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Published on: Feb 23, 2026, 12:06 PM IST
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