₹58-Crore Contracts Signal DEE Development Engineers’ Entry into Seamless Pipe Market

DEE Development Engineers Limited has achieved a significant milestone by securing its first contracts for seamless pipe supply, manufactured at its new forged seamless pipe plant in Anjar, Gujarat. The company disclosed the development under SEBI Listing Regulations, highlighting its entry into a new product line that enhances its market presence.

Key Highlights

• Contract Value: ₹58 crore.
• Customer: A joint venture between an Indian and foreign conglomerate in the power sector (name undisclosed for commercial reasons).
• Nature of Order: Manufacturing and supply of alloy steel seamless pipes.
• Execution Timeline: By December 2026.
• Market Impact: Marks DEE’s expansion into seamless pipe manufacturing, diversifying its portfolio beyond traditional piping systems.
• Regulatory Disclosure: Filed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements, 2015.

This development positions DEE Development Engineers as a key player in India’s industrial supply chain, aligning with the growing demand for high-quality seamless pipes in the power and infrastructure sectors.

Sources: DEE Development Engineers Limited