India's Dee Development Engineers slides after issuing force majeure notice

DEE Development Engineers

18/03/2026 04:08

** Shares of Dee Development Engineers DEEV.NS fell as much as 9%, last down 8.5% to 286 rupees

** Piping solutions engineering firm issues force majeure notice due to West Asia conflict

** DEEV says export orders to customers in the West Asia region are facing delays and potential non-fulfillment

** Supply to the company's domestic clients will also see a near-term impact, as the supply of LPG and natural gas to industrial and commercial consumers has been regulated in India

** Co expects a limited bearing on its overall performance for the current period

** Stock set for its worst session since April 7, 2025

** YTD, DEEV up ~38%

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))