DEE Development Engineers Subsidiary Secures Major International Order Worth US$15.27M Annually
DEE Piping System (Thailand) Co. Limited, a subsidiary of DEE Development Engineers, has secured a major international order. The contract is for HRSG pipe spool fabrication and is valued at a minimum of US$15.27 million per annum, effective from June 1, 2027, to December 31, 2029.
The order is substantial, with a minimum annual value of US$15.27 million, and involves a significant portion of the subsidiary's capacity, indicating a material impact on the company's business.
The company has secured a significant international order, which is expected to boost revenue and enhance its market position.
DEE Development Engineers Limited is pleased to announce that its material subsidiary, DEE Piping System (Thailand) Co. Limited, has entered into a Reservation Agreement with an International EPC Company, securing a significant order.
The subsidiary will be responsible for 60% of the total capacity for HRSG pipe spool fabrication, including shop detailing, procurement, and manufacturing. The agreement is with an international entity and is effective from June 1, 2027, through December 31, 2029.
The broad consideration for this contract is a minimum of US$15.27 million per annum. Due to commercial considerations, the name of the customer cannot be disclosed.
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DEE Development Engineers Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by DEE Development Engineers Limited. Read the original for the full detail.