{"id":145365,"date":"2025-02-21T16:30:50","date_gmt":"2025-02-21T11:00:50","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=145365"},"modified":"2025-02-21T16:30:53","modified_gmt":"2025-02-21T11:00:53","slug":"steel-stock-under-200-jumps-after-receiving-order-worth-27-cr-for-thermal-power-plant-project","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/steel-stock-under-200-jumps-after-receiving-order-worth-27-cr-for-thermal-power-plant-project\/","title":{"rendered":"Steel stock under \u20b9200 jumps after receiving order worth \u20b927 Cr for thermal power plant project"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2386428798\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This small-cap stock engaged in providing advanced process piping solutions, including manufacturing piping products and offering engineering services, jumped 2 percent after receiving an order worth Rs. 27 crore for manufacture and supply fittings for a thermal power plant.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-794543393\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Stock Price Movement:<\/strong><\/h2><p>With a market capitalization of Rs. 1,277.50 crores, the share of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/DEEDEV\" target=\"_blank\" rel=\"noreferrer noopener\">DEE Development Engineers Limited<\/a><\/strong> has reached an intraday high of Rs. 189 per equity share, rising nearly around 2 percent from its previous day\u2019s close price of Rs. 185.30. Since then, the stock has retreated and is currently trading at Rs. 185 per equity share.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened:<\/strong><\/h2><p>DEE Development Engineers Limited has received a letter of intent worth Rs. 27 Crores from a new customer for the manufacture and supply of fittings for a thermal power plant. The company cannot disclose the customer&#8217;s name due to commercial reasons.&nbsp;<\/p><p>This is a domestic order, and the project is expected to be completed by November 2025. This contract strengthens DEE Development Engineers&#8217; position in the power sector, reinforcing its expertise in high-quality manufacturing and timely execution of large-scale projects.<\/p><div class=\"trade-content_5\" id=\"trade-3562133245\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Products and service offerings:<\/strong><\/h2><p>DEE Development Engineers Limited specializes in manufacturing a wide range of products, including high-pressure piping systems, piping spools, induction pipe bends, and industrial pipe fittings. The company also produces pressure vessels, modular skids, and specialized components such as boiler superheater coils and de-superheaters.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Manufacturing Facilities:<\/strong><\/h2><p>The company operates seven manufacturing plants in different locations, including three in Palwal, one in Anjar (Gujarat), one in Barmer (Rajasthan), one in Numaligarh (Assam), and one in Bangkok (Thailand). These facilities enable the production of a diverse range of products to meet industry demands.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent quarter results:<\/strong><\/h2><p>DEE Development Engineers Limited&#8217;s revenue has decreased from Rs. 210 crore in Q3 FY24 to Rs. 162 crore in Q3 FY25, which is down by 21.82 percent. The net profit has turned into a net loss, from Rs. 9 crore in Q3 FY24 to Rs. -13 crore in Q3 FY25.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By &#8211; Nikhil Naik<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-4248900537\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This small-cap stock engaged in providing advanced process piping solutions, including manufacturing piping products and offering engineering services, jumped 2 percent after receiving an order worth Rs. 27 crore for manufacture and supply fittings for a thermal power plant. Stock Price Movement: With a market capitalization of Rs. 1,277.50 crores, the share of DEE Development [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":107238,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[27214,20665,20664,3973,948,936,2597],"class_list":["post-145365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-dee-development-engineers","tag-dee-development-engineers-latest-news","tag-dee-development-engineers-share-price","tag-steel-stock","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Steel stock under \u20b9200 jumps after receiving order worth \u20b927 Cr for thermal power plant project - 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