India's DEE Development Engineers rises on 1.7 bln rupees order win

DEE Development Engineers

02/09/2025 09:39

** Shares of DEE Development Engineers DEEV.NS rise 4.5% to 280 rupees

    ** Stock logs biggest intraday pct gain since August 11

** The pipe manufacturer receives 1.70 bln rupees ($19.43 mln) Letter of Intent from Indian PSU

** Order for supply of ~1900 MT of critical piping for two power projects

** Stock down 8.2% YTD

($1 = 87.5060 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))