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DEE Development Engineers Wins Rs 55 Crore Windmill Tower Order
- •DEE Development Engineers announced that its wholly-owned subsidiary, DEE Fabricom India Pvt Ltd, has secured an order worth approximately Rs 55 crore excluding GST.
- •The contract is for the supply of ENV 5 MW windmill towers and is scheduled for execution by August next year.
- •DEE Fabricom operates a dedicated wind tower manufacturing facility with an installed capacity of 32,400 metric tonnes per annum.
- •Chairman and Managing Director K L Bansal stated that the order strengthens the company's role in India's expanding renewable energy infrastructure.
Key Questions Answered
DEE Fabricom India Pvt Ltd, a wholly-owned subsidiary of DEE Development Engineers Ltd, received an intent expression for supplying ENV 5 MW windmill towers valued at approximately Rs 55 crore, excluding GST. The mandate is scheduled to be executed by August of next year.
DEE Fabricom operates a dedicated wind tower manufacturing business with an installed annual capacity of 32,400 metric tonnes. This facility enables the company to participate in the renewable energy supply chain alongside its core engineering and process piping operations.
The order was secured by DEE Fabricom India Pvt Ltd. K L Bansal, Chairman and Managing Director of DEE Development Engineers Ltd, stated that the priority is to utilize built capacities at higher levels and convert opportunities across core and adjacent businesses through disciplined capital allocation.
