DEE Development Engineers secures Letter of Intent exceeding USD 40 million for international HRSG piping supply
Mumbai, February 20, 2026: DEE Development Engineers Limited (BSE: 544198 | NSE: DEEDEV), a leading provider of advanced piping and fabrication solutions, has received a Letter of Intent (LOI) from one of the largest international OEM conglomerates in the power sector, headquartered in the United States. The LOI covers the supply of Heat Recovery Steam Generator (HRSG) piping for 16 units, with an aggregate order value exceeding USD 40 million, and is valid through February 18, 2027.
Commenting on the development, K.L. Bansal, Chairman and Managing Director of DEE Development Engineers Limited, stated, “This Letter of Intent from a major international power sector OEM is a significant recognition of our capabilities in delivering complex, high-specification process piping solutions. HRSG piping is a technically demanding product area, and an order of this scale from a global conglomerate reflects the confidence that international customers place in our engineering, manufacturing, and delivery standards. We remain focused on executing this engagement with the precision and reliability that our customers expect, and on building long-term supply relationships across global energy infrastructure programmes.”
The LOI marks DDEL’s continued traction in international markets and reiterates its positioning as a supplier of choice for large-scale energy infrastructure projects globally. HRSG piping systems, which are integral to combined-cycle power plant operations, require exacting fabrication standards, and the scope of 16 units reflects the depth of engagement with the customer. The company remains focused on mobilising its manufacturing capabilities to execute within the stipulated timeline and on meeting the technical and quality requirements of this international programme.
About DEE Development Engineers Limited
DDEL is the largest player in process piping solutions in India in terms of installed capacity, with strategically located state-of-the-art Manufacturing Facilities. It is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), process industries and chemicals through engineering, procurement and manufacturing services. DEE also manufactures and supplies piping products such as high-pressure piping systems, piping spools, high frequency induction pipe bends, LSAW pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids and accessories including boiler superheater coils, de-super heaters and other customized manufactured components, while also specializing in handling complex metals such as varying grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel and other materials including Inconel and Hastelloy in our manufacturing processes.