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DEE Development Engineers Secures ₹170 Crore Order; Shares Surge

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DEE Development Engineers Limited has secured a Letter of Intent for approximately ₹170 crore from an Indian Public Sector Undertaking engaged in the Power Sector. The order involves the supply of approximately 1900 MT of Critical Piping for two important Power Projects.

The Letter of Intent outlines specific timelines for project completion:

  • Project 1, Unit 1: 12 months from the date of LOI

  • Project 1, Unit 2: 15 months from the date of LOI

  • Project 2, Unit 1: 9 months from the date of LOI

  • Pipes for FN Assembly: 9 months from the date of LOI

    • The payment terms include 90% payment within 90 days from the date of site acknowledgment/receipt and acceptance of materials, with the balance 10% payable within 90 days after completion of the purchase order.

    The company has announced this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

    The order is from a domestic entity and does not involve any related party transactions.

    For DEE Development Engineers Limited, Ranjan Kumar Sarangi, the Company Secretary and Compliance Officer, has confirmed the disclosure.

     The value of various Orders in the LOI is approximately Rs. 170 Crores.

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