DEE Development Engineers Limited has received a Letter of Intent from an Indian PSU  for supply of approximately 1900 MT of critical piping for two important power projects. The value of various orders in the LOI is approximately INR 170 crores. 

Sept 02, 2025

DEE Development Engineers Limited has received a Letter of Intent from an Indian PSU for supply of approximately 1900 MT of critical piping for two important power projects.

The nature of order consists of 90% payment within 90 days from the date of site acknowledgment and acceptance of materials. Balance of 10% payment within 90 days after completion of PO.

The orders/contracts are to be executed within the following timeframes: Project 1, Unit 1 is scheduled for completion within 12 months from the date of the Letter of Intent (LOI), while Project 1, Unit 2 is to be executed within 15 months from the date of LOI. Project 2, Unit 1 is expected to be completed within 9 months from the date of LOI, and the supply of pipes for FN Assembly is also to be executed within 9 months from the date of LOI.

Also Read: Tube & Pipe India Emagazine Jun-July Issue 2025

The value of various orders in the LOI is approximately INR 170 crores.