DEE Development zooms 8% after winning strategic deal worth $40 MnDEE Development zooms 8% after winning strategic deal worth $40 Mn

Introduction

Leading engineering firm secures $40 million international order from a US-based OEM to supply HRSG piping for 16 units, with execution scheduled by February 2027.

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Share price movement of DEE Development

On February 20, 2026, Dee Development Engineers Ltd opened at ₹207.75, down 0.52% from its previous close of ₹208.85. The stock reached a high of ₹225.90 (8.20%) and a low of ₹205.85 (-1.44%). By 12:58 PM, it traded at ₹221.00, a 5.82% increase, with a market cap of ₹1,442.41 crore.

DEE Development Engineers Secures $40M Order

DEE Development Engineers Limited received an international order from a leading US-based OEM conglomerate in the power sector. The company will supply HRSG piping for 16 units under a Letter of Intent.

The order comes from an international customer. DEE Development Engineers will provide process piping solutions across multiple HRSG projects. The Letter of Intent is valid until February 18, 2027.

The total value of the order exceeds 40 million US dollars. The company has not disclosed the customer’s name due to commercial reasons. Execution will follow the terms of the Letter of Intent.

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

Dee Development Engineers Ltd delivered a 1.82% return over the past week, declined 23.3% in the past 6 months, and gained 13.2% over the past 1 year.

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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 designing, engineering, and fabricating complex piping systems, pressure vessels, and heat exchangers for industrial applications.

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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.

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