Shares of Dee Improvement Engineers Ltd rallied 4% on 4 April after the corporate introduced securing an order price Rs 55 crore.
In its regulatory submitting, the corporate mentioned, “We wish to inform you that the corporate has bagged a purchase order order from a brand new buyer, the identify of which can’t be disclosed attributable to industrial concern.”
The scope of the order entails supplying pre-fabricated carbon, alloy and stainless-steel piping gadgets for a thermal energy station, which must be executed in a interval of 7-12 months.
Dee Improvement Engineers made a stellar entry into the inventory market on 26 June 2024, with its shares itemizing at Rs 339 on the Nationwide Inventory Change (NSE), which is a notable 67% soar over the difficulty worth of Rs 203.
Established in 1988, the corporate is a specialised engineering agency providing end-to-end course of piping options to sectors like oil and fuel, energy (together with nuclear), chemical substances, and different course of industries. Its providers span engineering, procurement, and manufacturing.
Dee Improvement Engineers produces and delivers a wide selection of piping merchandise, together with high-pressure piping methods, piping spools, high-frequency induction pipe bends, longitudinally submerged arc welding pipes, industrial fittings, strain vessels, stacks, modular skids, and custom-built parts like boiler superheater coils and de-superheaters.
At 11:37 pm, the shares of Dee Improvement shed all their early positive factors and have been buying and selling 0.83% decrease at Rs 253.05 on NSE.
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