This Engineering stock, which is India’s largest player in process piping solutions, is in focus after it signed an MoU with International Clean-Tech Partner to execute green hydrogen production projects across India and Thailand.
With a market capitalisation of Rs. 2,003 Crore, the stock of Dee Development Engineers opened at Rs. 276.10, around the same level as yesterday’s close, but after opening, it made a high of Rs. 298.35, up 7.72 percent.
MoU Update
The company has announced a strategic partnership with International Clean-Tech Partner, which is a globally recognised innovator in sustainable energy technologies. The company states that this MoU has marked the strategic entry into the green hydrogen sector for the company, with a focus on deploying modular hydrogen production systems across India and Thailand.
Under the partnership, both will jointly develop, bid for, and execute green hydrogen production projects. The partnership will leverage the international partner’s expertise in hydrogen technologies, such as electrolysers, separators, and purification systems, alongside DDEL’s capabilities in manufacturing ultra-pure hydrogen systems (up to 99.9999% purity), project execution skills, and strong customer network.
The MoU between DEE Development Engineers and the international clean-tech partner outlines clear roles: the global partner will offer technical support, core hydrogen systems, and help with design and outreach, while DDEL will handle marketing, project execution, approvals, and after-sales service in India and Thailand.
This collaboration gives both companies a competitive edge in the rapidly expanding green hydrogen sector, where few players can offer such a strong mix of global technology and local execution capabilities.
About the Company
DEE Development Engineers Limited (DDEL), headquartered in Haryana, is a leading specialist in process piping systems, catering primarily to the oil & gas, power (including nuclear), chemical industries, and large-scale infrastructure projects.
The company’s manufacturing facilities are located at Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan and Bangkok in Thailand; namely, Palwal Facility I, Palwal Facility II, Palwal Facility III, Anjar Facility I, Barmer Facility and Bangkok Facility.
The company reported a 17.69 percent YoY increase in revenue from Rs. 243 Crore in Q4FY24 to Rs. 286 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 76.54 percent in revenue from Rs. 162 Crore in the previous quarter.
Their Net profit saw an increase of 166.66 percent YoY from Rs. 12 Crore to Rs. 32 Crore for the same period. On a QoQ basis, the company reported a turnaround from a loss of 13 Crores.
Written By Abhishek Das
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