DEE Development secures Rs 207 crore power sector order
DEE Development Engineers Limited has received a letter of intent for an order worth Rs 206.55 crore, excluding GST, from a Maharatna public sector undertaking operating in the power sector.
In a stock exchange filing, the company said the customer is a Maharatna-class engineering, procurement and construction (EPC) conglomerate. However, the name of the awarding entity has not been disclosed due to commercial considerations.
The contract covers the manufacturing and supply of critical piping assemblies, including the main steam package and hot reheat system. These systems are key components in thermal power plants, carrying high-temperature and high-pressure steam between the boiler and turbine.
According to the company, the order is domestic in nature and the manufacturing and supply activities will be executed within India.
The execution schedule varies across project units. For two units, the work is to be completed within six to 12 months from the date of the purchase order. For the remaining two units, execution timelines range from two to 15 months from the purchase order date.
The order adds to DEE Development’s presence in the power sector, where the company provides engineering and manufacturing solutions for critical plant infrastructure.
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