DEE Development Secures Rs 2,065.5 Million Contract From Maharatna PSU

03 Jun 2026 CW Team

DEE Development Engineers (DDEL) added 2.47 per cent to Rs 640 after the company said that it had secured contracts aggregating to Rs 206.55 crore from a Maharatna public sector EPC conglomerate in the power sector. The value of the contracts amounts to 2,065.5 million (mn), reflecting sizeable orders for specialised piping assemblies. The stock movement followed the announcement as markets reacted to the new order.

The company said it had received a Letter of Intent for the manufacture and supply of critical piping assemblies for the main steam package and hot reheat systems. The project timeline stipulated delivery of the first two units within six to 12 months of receiving the purchase order, with the remaining two units scheduled within 12 to 15 months post purchase order. The contracts cover engineering, procurement and manufacturing elements integral to the package.

DDEL provides specialised process piping solutions for oil and gas, power, process industries and chemicals through engineering, procurement and manufacturing services. In the fourth quarter of FY26 the group reported a year on year fall in consolidated net profit of 11.11 per cent to 280.1 mn, while revenue from operations rose 26.26 per cent to 3,615.7 mn over the fourth quarter of FY25. The recent orders are expected to bolster execution activity and contribute to the company's order book as it progresses deliveries.

Management indicated that receipt of the purchase order would set detailed delivery schedules and cash flow realisation, and the LOI marks a key step in finalising those terms. Investors continued to monitor execution timelines and profitability metrics as DDEL advances the work scope for a major power sector client. The firm remains engaged in fulfilling contractual milestones within the stipulated timeframe while managing operational and supply chain requirements.

Infrastructure Transport

15 Jul 2026

Railways To Operate Over 300 Special Trains For Rath Yatra

Union Railway Minister Ashwini Vaishnaw announced that Indian Railways (IR) will operate more than 300 special trains for the annual Jagannath Rath Yatra in Odisha and over 100 special trains during the Onam festival in Keralam. He flagged off the Nanded–Mumbai and Tanakpur–Nanded Express trains and inaugurated the extension of the Tanakpur–Pilibhit service up to Shahjahanpur via video conference from Rail Sadan in Bhubaneswar. He noted that the summer season, which concluded on 30 June, had seen a record 15,000 special trains. Vaishnaw stated that the newly launched services are intende..

Vande Bharat Express To Start From Tripura Soon

Tripura Chief Minister Manik Saha said the Vande Bharat Express will commence operations from Tripura in the coming days after he flagged off the Agartala–Karimganj MEMU service at Agartala Railway Station. He recalled the rail history of the state, noting that a metre-gauge service first arrived in 1964 and that broad gauge reached Agartala in 2008 following national projects and later upgrades under the Act East policy. The event was described as a milestone for regional connectivity and the MEMU was presented as the first electric passenger train to originate from Tripura.\n\nSaha said he..

MEMU Suspension Disrupts Commuters Between Vadodara And Dahod

The Vadodara–Dahod Mainline Electric Multiple Unit (MEMU) service has been temporarily suspended for 26 days after its rake was diverted to Odisha to manage the surge in passenger traffic during the annual Rath Yatra in Puri. Indian Railways redeployed several MEMU rakes from different zones to meet the additional travel demand for the festival scheduled from the seventh of July to the second of August. As a result, train numbers 69233 and 69234 operating between Vadodara and Dahod will remain cancelled for the duration. Railway authorities advised passengers to use alternative train service..