DEE Development Engineers Limited Secures Contract Worth INR 386.86 Crores from Bharat Petroleum Corporation Ltd
DEE Development Engineers Limited, along with its material subsidiary, has secured a significant contract from Bharat Petroleum Corporation Ltd. The contract, valued at an aggregate of INR 386.86 Crores (including GST), relates to the manufacturing and supply of piping.The awarded order is a Purchase Order for piping, initiated by the domestic entity, Bharat Petroleum Corporation Ltd. The agreement specifies a delivery deadline, with the goods required by 18 February 2028.
The contract falls under the category of domestic business and was determined not to involve related party transactions or any promoter group interest in the awarding entity.
The key details of the awarded contract are as follows:
| Particulars | Detail |
|---|---|
| Awarding Entity | Bharat Petroleum Corporation Ltd |
| Nature of Order | Purchase Order for manufacturing and supply of Piping |
| Contract Value (Inclusive of GST) | INR 386,82,65,388/- |
| Delivery Deadline | By 18 February 2028 |
| Transaction Type | Domestic |
DEEDEV Stock Price Movement
On Friday, DEE Development Engineers Limited shares edged higher, gaining 5.00% and settling at ₹593.4. The stock closed at the 52-week high, trading on robust volume of 310,369 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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