DEE Development Engineers Limited, a prominent player in the industrial engineering sector, has recently announced a substantial new contract under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This significant development comes as the company secures a high-value purchase order from L&T Energy Hydrocarbon’s MFFK-Module Fabrication Facility, located in Kattupalli, near Ennore port, Tamil Nadu.

The order, with a total value of INR 26,58,87,943, marks a notable achievement for DEE Development Engineers Limited. It encompasses a range of piping fabrication services, including Nondestructive Testing (NDT), Post Weld Heat Treatment (PWHT), blasting, and painting. This contract underscores the company's capability to deliver comprehensive solutions in the field of industrial piping.

Details of the Order

Awarding Entity: L&T Energy Hydrocarbon, MFFK-Module Fabrication Facility.

Order Description: The contract involves extensive piping spool fabrication on a job work basis. This includes various services such as NDT, PWHT, blasting, and painting, which are critical in ensuring the quality and durability of the fabricated piping systems.

Domestic Award: The order has been awarded by a domestic entity, reinforcing DEE Development Engineers Limited’s strong foothold in the Indian industrial market.

Completion Timeline: The execution of the order is scheduled to be completed by 30th July 2025. This timeline indicates a significant project duration, highlighting the scale and complexity of the work involved.

Contract Value: The total consideration for this order is approximately INR 26.59 crores, reflecting the substantial scale of the project and DEE Development Engineers Limited's capability to handle high-value contracts.

Related Party Transactions: There is no involvement of promoter or promoter group interests in the entity awarding the contract, ensuring that the transaction is conducted at arm's length and maintains transparency.

This new order is a testament to DEE Development Engineers Limited's reputation in the industrial engineering sector and its ongoing commitment to delivering high-quality engineering solutions. The company's ability to secure such significant contracts from leading industry players like L&T Energy Hydrocarbon demonstrates its strong market presence and operational excellence.

The announcement of this order aligns with DEE Development Engineers Limited’s strategic objectives of expanding its project portfolio and strengthening its position in the industry. As the company progresses with the execution of this contract, it will continue to focus on maintaining high standards of quality and efficiency, which are crucial for the successful completion of large-scale industrial projects.

In conclusion, DEE Development Engineers Limited’s recent achievement in securing a major order from L&T Energy Hydrocarbon reflects its robust business operations and growth trajectory. The company’s dedication to excellence in industrial engineering will undoubtedly contribute to its continued success and reputation in the market.

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