Introduction:
Smallcap stock has partly commissioned a ₹250 crore advanced facility in Gujarat, boosting capacity by 9,000 MT. This move targets increased demand in oil and gas piping, with plans for revenue growth and significant local economic impact.
Share Price movement of DEE Development Engineers:
On January 21, 2025, DEE Development Engineers Ltd opened at ₹300.00. The stock reached a high of ₹322.00 up 5% from its previous close of ₹300.35 and a low of ₹298.90. By 01:35 PM, it traded at ₹314.35, with a market cap of ₹2,170.71 crore.
DEE Development Engineers share price rise:
DEE Development Engineers Limited has partly commissioned the second phase of its state-of-the-art manufacturing facility in Anjar, Gujarat, with an investment of ₹250 crore. The facility enhances capacity by 9,000 MT, targeting increased demand for oil and gas piping solutions, and aims for a three-fold revenue rise within five years.
The project includes a process piping solutions plant with a capacity of 27,000 MT, of which 12,000 MT is operational, and a seamless pipe manufacturing unit specializing in high wall thickness pipes with a 7,000 MT capacity, set to launch by January 2026. The investment is partly financed through bank borrowings and debt.
Spanning 47 acres, the facility integrates advanced automation for operational efficiency and sustainability. It is expected to generate 600 jobs and boost the local economy while strengthening DEE Development’s position in the oil and gas sector, poised to meet rising market demands.
Also Read: Stocks To Watch For Budget 2025
Recent news About DEE Development Engineers :
On December 11, 2024, DEE Development Engineers Limited announced receiving a significant purchase order from a new customer. Due to commercial reasons, the customer’s name remains undisclosed, reflecting the company’s ongoing growth and robust client acquisition efforts.
Stock performance of DEE Development Engineers for Period of 1 week and 6 months:
DEE Development Engineers showcased mixed stock performance, achieving a 7.84% gain over the past week, reflecting short-term investor optimism. However, the stock saw an 18.4% decline over six months, highlighting challenges in sustaining momentum during the medium-term period.
Also Read: Best Sectors To Watch For Budget 2025
Shareholding pattern of DEE Development Engineers:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 70.17 | 70.17 | 70.17 |
| FII | 0.83 | 2.23 | 5.85 |
| DII | 16.53 | 16.16 | 12.11 |
| Retail & others | 12.46 | 11.43 | 11.86 |
About DEE Development Engineers:
DEE Development Engineers specializes in process piping solutions, serving industries like oil, gas, and power. With cutting-edge facilities and innovative technologies, the company focuses on delivering high-quality piping systems, driving operational efficiency and contributing to infrastructure development across diverse sectors.
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.
