DEE Development enters seamless pipe market with new contracts; order value ₹58 CrDEE Development enters seamless pipe market with new contracts; order value ₹58 Cr

Introduction

Leading engineering firm secures first domestic contracts worth ₹58 Crores for alloy steel seamless pipes, to be manufactured at its newly established Anjar plant by December 2026.

Also Read: Indogulf Cropsciences zooms 6%; signs MoA with ICAR-IARI under PM’s Fellowship

Share price movement of DEE Development

On February 27, 2026, Dee Development Engineers Ltd opened at ₹294.10, down 2.96% from its previous close of ₹303.00. The stock reached a high of ₹307.65 (1.52%) and a low of ₹288.20. By 2:58 PM, it traded at ₹299.00, a 1.32% decrease, with a market cap of ₹2,065.78 crore.

DEE Development Engineers Secures ₹58 Crore Pipe Order

DEE Development Engineers Limited has secured its first contracts for supply of seamless pipes. The orders will be manufactured at the company’s newly established forged seamless pipe plant in Anjar, Gujarat.

The contracts were awarded by a domestic joint venture in the power sector. The agreements involve manufacturing alloy steel seamless pipes under a Letter of Intent.

The total contract value is INR 58 Crores. The orders are scheduled for execution by December 2026, marking the company’s entry into the seamless pipe supply segment.

Stock performance of DEE Development for period of 1 week, 6 months, and 1 year

Dee Development Engineers Ltd delivered a 31.9% return over the past week, gained 13.6% in the past 6 months, and rose 43.2% over the past 1 year.

Also Read: K.P. Energy shares up 4.5%; company bags 40.8 MW wind-solar hybrid project in Gujarat

Shareholding pattern of DEE Development

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	70.20%	70.20%	70.20%
FII	0.80%	0.80%	0.80%
DII	14.90%	16.60%	17.30%
Public	14.20%	12.40%	11.70%

About DEE Development

DEE Development Engineers Ltd (NSE: DEEDEV), incorporated in 1988, specializes in design, engineering, and fabrication of complex piping systems, pressure vessels, and heat exchangers for industrial applications.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs