DEE Development Engineers surges on entering into strategic partnership with International Clean-Tech Partner
Dee Development Engineers is currently trading at Rs. 287.00, up by 10.05 points or 3.63% from its previous closing of Rs. 276.95 on the BSE.
The scrip opened at Rs. 276.10 and has touched a high and low of Rs. 298.35 and Rs. 271.80 respectively. So far 26002 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 400.00 on 05-Jul-2024 and a 52 week low of Rs. 166.60 on 18-Feb-2025.
Last one week high and low of the scrip stood at Rs. 300.45 and Rs. 271.80 respectively. The current market cap of the company is Rs. 1989.10 crore.
The promoters holding in the company stood at 70.29%, while Institutions and Non-Institutions held 18.08% and 11.62% respectively.
DEE Development Engineers (DDEL) has entered into a strategic partnership with International Clean-Tech Partner, a globally recognized innovator in sustainable energy technologies. This collaboration marks DDEL’s strategic entry into the green hydrogen sector, with a focus on deploying modular hydrogen production systems across India and Thailand.
Under a newly signed MoU, the two companies will codevelop, bid for, and execute Green Hydrogen Production System Projects. The partnership will combine International Clean-Tech Partner’s global leadership in hydrogen technologies including Electrolysers, Separators, and Hydrogen Purification Systems with DDEL’s strength of manufacturing ultra-pure hydrogen purification systems with up to 99.9999% purity, its project execution, marketing, and long-standing marquee customer base.
The collaboration directly supports the Government of India’s vision ‘to make India the Global Hub for production, usage, and export of Green Hydrogen and its derivatives’. By advancing green hydrogen projects in India and beyond, DDEL is contributing to the country’s goal of achieving Aatmanirbharta (self-reliance) in clean energy, reducing dependence on fossil fuel imports, and driving significant decarbonisation of the economy. The collaboration is well-aligned with India’s National Green Hydrogen Mission and Thailand’s renewable energy roadmap, and reinforces DDEL’s commitment to driving sustainable infrastructure and the global shift toward clean, renewable energy.
Dee Development Engineers is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing.
