DEE Development Engineers has announced securing its first-ever contracts for seamless pipes worth ₹58 crores from its newly established manufacturing facility in Gujarat. The company disclosed this significant development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations, marking a major milestone in its business expansion.

Contract Details and Customer Information

The contracts involve manufacturing of Alloy Steel Seamless Pipes for a domestic customer described as a joint venture between an Indian and foreign conglomerate in the Power Sector. The company has received a Letter of Intent for the supply, though the customer's name remains undisclosed due to commercial reasons.

Manufacturing Facility and Strategic Significance

The orders will be executed from the company's newly established forged seamless pipe plant situated at Anjar, Gujarat. This represents the first commercial contracts from the new facility, validating the company's strategic investment in seamless pipes manufacturing capabilities.

The contracts are purely commercial in nature, with no related party transactions involved. The promoter, promoter group, or group companies have no interest in the entity that awarded the contracts, ensuring arm's length commercial dealings.

Regulatory Compliance and Timeline

DEE Development Engineers made the disclosure through its Company Secretary and Compliance Officer Ranjan Kumar Sarangi, following SEBI's Master Circular requirements. The company has committed to executing the contracts by December 2026, providing a clear timeline for revenue realization from its Gujarat operations.

This development positions the company strategically in the seamless pipes market, particularly in the power sector segment, and demonstrates successful operationalization of its expanded manufacturing base.

DEE Development Engineers Limited has disclosed securing significant contract awards aggregating INR 173 crores under Regulation 30 of SEBI Listing Regulations. The regulatory disclosure confirms that the contract portfolio comprises both domestic and international orders secured by the company and its material subsidiary, positioning the engineering firm for substantial business growth across multiple market segments.

Contract Portfolio Overview

The total contract value of INR 173 crores is distributed across domestic and international operations. The company secured domestic contracts worth INR 88 crores on job work basis, while its material subsidiary M/s DEE Piping Systems (Thailand) Co., Ltd. obtained international contracts valued at US$ 8.00 million on job work basis and US$ 1.50 million with material basis.

Domestic Contract Details

The domestic contract portfolio includes three significant orders totaling INR 88 crores. Bharat Heavy Electrical Limited awarded a contract worth INR 26 crores for manufacturing critical piping solutions, specifically involving supply of headers and vessels. This letter of intent covers manufacturing and supply of critical piping solutions on job work basis with delivery scheduled within a year.

A second domestic contract valued at more than INR 42 crores has been secured from a joint venture between an Indian and foreign conglomerate in the power sector. This contract involves manufacturing critical piping solutions on job work basis, with delivery expected within a year. Additionally, a third domestic contract worth more than INR 20 crores has been awarded by an Indian conglomerate in the power sector for manufacturing piping solutions, with delivery scheduled within 6 to 8 months.

International Subsidiary Operations

DEE Piping Systems (Thailand) Co., Ltd., the company's material subsidiary, secured contracts worth US$ 9.50 million from a US-based original equipment manufacturer in the power sector. The international contract portfolio encompasses two distinct components with varying delivery timelines.

The HRSG piping manufacturing contract involves production for 11 units on job work basis, while the pipe fittings and flanges component covers 7 units with material basis. These contracts demonstrate the subsidiary's capability to handle complex international projects with extended delivery schedules.

Regulatory Compliance and Disclosure

The contract awards have been disclosed pursuant to Regulation 30 of SEBI Listing Regulations, ensuring transparency for stakeholders. The disclosure was signed by Ranjan Kumar Sarangi, Company Secretary and Compliance Officer, and includes comprehensive details as required under SEBI circular guidelines. All contracts confirmed no promoter group interest in the awarding entities and do not constitute related party transactions.

The contract wins across domestic and international markets reinforce the company's position in critical piping solutions and power sector manufacturing. With delivery schedules extending through December 2028, these contracts provide substantial revenue visibility for the engineering company and its subsidiary operations.