DEE Development Engineers Share Price Gains Over 8%; Secures $40 Million HRSG Piping Order from US Based OEM

DEE Development Engineers Limited has informed stock exchanges about receiving a Letter of Intent from a US headquartered power sector OEM for supply of HRSG piping solutions. 

DEE Development Engineers Bags Over $40 Million International Order 

DEE Development Engineers Limited disclosed on February 20, 2026, that it has been awarded a Letter of Intent from one of the largest international OEM conglomerates in the power sector headquartered in the US. The name of the customer has not been disclosed due to commercial considerations. 

The aggregate value of the orders is stated to be more than $40 million. The contract relates to the supply of HRSG piping for 16 units. 

Scope and Nature of the Contract 

The company will supply process piping solutions for various Heat Recovery Steam Generator projects. The order has been awarded by an international entity and pertains to international operations. 

The Letter of Intent is valid until February 18, 2027, during which the company is expected to execute the supply as per agreed terms. 

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Regulatory Disclosure Details 

The disclosure was made under Regulation 30 of the SEBI Listing Regulations read with the relevant SEBI Master Circular dated November 11, 2024. The company confirmed that neither the promoter group nor group companies have any interest in the awarding entity. 

It also stated that the transaction does not fall within related party transactions. 

DEE Development Engineers Share Price Performance  

As of February 20, 2026, at 2:04 PM, DEE Development Engineers share price on NSE was trading at ₹225.99 up by 7.98% from the previous closing price. 

Conclusion 

The award of a HRSG piping order exceeding $40 million from a US based OEM represents an international contract update for DEE Development Engineers Limited. The execution period extends up to February 18, 2027, as per the Letter of Intent. 

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