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.
