Further, the company secured additional domestic contracts aggregating over Rs 42 crore from a joint venture between an Indian and a foreign power sector conglomerate (name undisclosed due to commercial reasons) for the manufacturing and supply of critical piping solutions on a job work basis, to be delivered within one year.
Its material subsidiary, DEE Piping Systems (Thailand) Co., has bagged international orders worth approximately US$ 9.5 million from a US-based OEM in the power sector. The contract includes manufacturing of HRSG piping for 11 units on a job work basis (US$ 8 million), to be delivered by December 2028, and pipe fittings and flanges for seven units on a material basis (US$ 1.5 million), to be delivered by December 2027. The promoter group has no interest in the awarding entity, and the transactions are not related party transactions.
DEE Development Engineers (DDEL) 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.
The company reported a consolidated net profit of Rs 18.28 crore in Q3 FY26 compared with a net loss of Rs 13.33 crore in Q3 FY25. Net sales increased 77% YoY to Rs 298.67 crore in Q3 FY26.
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Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
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