DEE Development Engineers Secures Rs 6.33 Cr Order from BHEL
DEE Development Engineers secures a ₹6.33 crore order from BHEL for supplying P92 piping for turbine systems with a Completion date of August 2025 emphasizing DEE's role in the power sector.
by Damodharan N
Updated Jul 19, 2024
Table of Content
DEE Development Engineers Limited (DEE) has announced that it has secured a significant purchase order from Bharat Heavy Electricals Limited (BHEL). The contract, valued at ₹6.33 crore, involves the supply of P92 piping, a specialized material used for turbine integral piping. This order highlights DEE's growing role in providing essential components for major industrial applications.
The contract, awarded by BHEL, a leading player in the power sector, will see DEE deliver 26.2 metric tons of P92 piping. This material is crucial for the efficient and safe operation of turbine systems in power plants. The execution of this contract is scheduled to take place from June 2025 to August 2025, aligning with BHEL's project timelines and requirements.
This order underscores DEE's capacity to meet high standards and deliver on substantial projects, further solidifying its position in the infrastructure sector.
Get the Full announcement Here
Market Reaction
On July 18, 2024, following the announcement of a BHEL order, there was a notable reaction in the share activity of the company on NSE. The stock opened at ₹373.90, peaked at ₹377.00, and dropped to a low of ₹357.40 before closing at ₹360.20, lower than the previous close of ₹370.00.
The trading volume surged to 606,412 shares, with a total trade value of ₹22,12,10,964.50 across 18,808 trades. This activity indicates a mixed market reaction, with high volatility and increased trading volume reflecting investors' responses to the new order announcement.
Today when the market opened the price started at 361 Rs at 9.15 AM and by 10.AM and the price dropped to 357 Rs.
Get the Live price on NSE Here
DEE Development Engineers
DEE Development Engineers Limited, founded in 1988 by K.L. Bansal, is a leading engineering company providing specialized process piping solutions for industries like oil and gas, power (including nuclear), chemicals, and other process industries.
The company manufactures and supplies various piping products, including high-pressure systems, pipe bends, fittings, pressure vessels, and modular skids. With over three decades of manufacturing experience.
DEE operates multiple facilities in India and Thailand and is certified under various international standards. They also run biomass power plants and have an engineering facility for product design and development.
BHEL
Bharat Heavy Electricals Limited (BHEL) is India's leading state-owned engineering and manufacturing company, established in 1964. It operates across multiple core sectors, including power, transportation, defense, aerospace, oil & gas, and renewables.
BHEL boasts 16 manufacturing facilities, 4 regional offices, 8 service centers, and 15 regional marketing centers. The company is a key player in capital goods manufacturing with over 150 ongoing projects in India and abroad, and references in 89 countries.
With a workforce of over 30,000 employees, including 9,000 engineers, BHEL is equipped to design and manufacture a wide range of power plants and other industrial equipment.
Their consistent R&D investment, collaborations with global OEMs, and extensive product range position BHEL as a cornerstone of India's industrial and technological infrastructure.
DEE Development Engineers Secures Rs6.33 Cr Order from BHEL - FAQs
1. What is the value of the contract secured by DEE from BHEL?
The contract is valued at ₹6.33 crore.
2. What is the main product DEE will supply to BHEL under this contract?
DEE will supply P92 piping for turbine systems.
3. Why is P92 piping important for turbine systems?
P92 piping is crucial for the efficient and safe operation of turbine systems in power plants.
4. When will the execution of the contract take place?
The contract execution is scheduled from June 2025 to August 2025.
5. How much P92 piping will DEE deliver to BHEL?
DEE will deliver 26.2 metric tons of P92 piping.
6. What does this contract highlight about DEE's role in the industry?
This order highlights DEE's growing role in providing essential components for major industrial applications, especially in the power sector.
7. Who awarded the contract to DEE?
The contract was awarded by Bharat Heavy Electricals Limited (BHEL).
8. What is the significance of this order for DEE?
This order underscores DEE's capacity to meet high standards and deliver on substantial projects, solidifying its position in the infrastructure sector.
9. How did the market react to the announcement of the BHEL order on July 18, 2024?
The market showed high volatility with increased trading volume, reflecting a mixed reaction from investors.
10. What was the stock price movement of DEE on the day of the announcement?
The stock opened at ₹373.90, peaked at ₹377.00, dropped to a low of ₹357.40, and closed at ₹360.20.