Home / Business and Economy / DEE Piping Secures $1.9M Taiwan Project Order
DEE Piping Secures $1.9M Taiwan Project Order
5 Mar
Summary
- DEE Piping Systems (Thailand) received a ₹20 crore Letter of Intent.
- The order is for HRSG piping for a project based in Taiwan.
- The contract is scheduled for completion by May 2027.
DEE Development Engineers experienced a notable 9% rise in its share price on March 5, 2026, driven by an international contract secured by its subsidiary, DEE Piping Systems (Thailand) Co., Ltd. This subsidiary has been awarded a Letter of Intent for the prefabrication and supply of Heat Recovery Steam Generator (HRSG) piping and supports.
The project, located in Taiwan, is valued at approximately €1.9 million, equivalent to about ₹20 crore. The scope of work is scheduled to be fully executed by May 2027. The company emphasized that this significant order was placed by an international entity and involves no related party transactions.
This latest development follows another substantial order DEE Development Engineers secured last month. The company was awarded a $40 million contract for HRSG piping for 16 units from a major international power sector Original Equipment Manufacturer (OEM) conglomerate based in the United States.
