The company has received domestic contracts worth around Rs 88 crore on a job work basis, including a letter of intent (LoI) from Bharat Heavy Electricals (BHEL) for the manufacturing and supply of critical piping solutions, including headers and vessels. The orders are to be executed within one year.
Further, the company secured additional domestic contracts aggregating over Rs 42 crore from a joint venture between an Indian and a foreign power sector conglomerate (name undisclosed due to commercial reasons) for the manufacturing and supply of critical piping solutions on a job work basis, to be delivered within one year.
Its material subsidiary, DEE Piping Systems (Thailand) Co., has bagged international orders worth approximately US$ 9.5 million from a US-based OEM in the power sector. The contract includes manufacturing of HRSG piping for 11 units on a job work basis (US$ 8 million), to be delivered by December 2028, and pipe fittings and flanges for seven units on a material basis (US$ 1.5 million), to be delivered by December 2027. The promoter group has no interest in the awarding entity, and the transactions are not related party transactions.
DEE Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), process industries, and chemicals through engineering, procurement, and manufacturing services.
The company reported a consolidated net profit of Rs 18.28 crore in Q3 FY26 compared with a net loss of Rs 13.33 crore in Q3 FY25. Net sales increased 77% YoY to Rs 298.67 crore in Q3 FY26.