Latest news with #DEEDevelopmentEngineers
Time of India
8 hours ago
- Business
- Time of India
DEE Development Engineers plans to diversify into hydrogen production
Engineering solutions provider DEE Development Engineers Ltd is planning to diversify into hydrogen production as it expects good business opportunities in the sector. DEE Development Engineers Chairman and Managing Director (CMD) Krishan Lalit Bansal said, "We have very recently put our foot in the production of some small gas/chemical plants. We have acquired a 70 per cent stake in a company called Maldives Design Ltd, which is specialised in the manufacturing of nitrogen and oxygen plants, hydrogen purification plants , and ammonia crackers." "So, these two plants, hydrogen purification and ammonia cracker, are going to make significant contributions in the hydrogen sector," he told. The hydrogen market is evolving and nobody has a fair estimate about the business opportunity in this particular segment, he said, adding, "But, going forward, since the government has enough focus on this particular segment, we foresee a good amount of business opportunities." That is why, the company has taken a step to move into this domain, because this also creates further opportunities in the process piping solution space when "we are entering into hydrogen", he explained. At present, the company provides hydrogen purification systems. However, DEE Development Engineers is also looking for technology tie-ups for manufacturing of complete hydrogen plant, along with purification system. The government's National Green Hydrogen Mission aims to produce at least five million metric tonnes of green hydrogen annually by 2030, alongside an additional 125 GW of renewable energy capacity . This mission aims to decarbonise the economy, reduce reliance on fossil fuels, and establish India as a global leader in green hydrogen technology . DEE Development Engineers Ltd, which reported a turnover of Rs 827.36 crore in 2024-25, expects it to rise it to Rs 1,300 crore in 2025-26.
Time of India
9 hours ago
- Business
- Time of India
DEE Development Engineers plans to diversify into hydrogen production
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Engineering solutions provider DEE Development Engineers Ltd is planning to diversify into hydrogen production as it expects good business opportunities in the sector. DEE Development Engineers Chairman and Managing Director (CMD) Krishan Lalit Bansal said, "We have very recently put our foot in the production of some small gas/chemical plants. We have acquired a 70 per cent stake in a company called Maldives Design Ltd, which is specialised in the manufacturing of nitrogen and oxygen plants, hydrogen purification plants , and ammonia crackers.""So, these two plants, hydrogen purification and ammonia cracker, are going to make significant contributions in the hydrogen sector," he hydrogen market is evolving and nobody has a fair estimate about the business opportunity in this particular segment, he said, adding, "But, going forward, since the government has enough focus on this particular segment, we foresee a good amount of business opportunities."That is why, the company has taken a step to move into this domain, because this also creates further opportunities in the process piping solution space when "we are entering into hydrogen", he present, the company provides hydrogen purification DEE Development Engineers is also looking for technology tie-ups for manufacturing of complete hydrogen plant, along with purification government's National Green Hydrogen Mission aims to produce at least five million metric tonnes of green hydrogen annually by 2030, alongside an additional 125 GW of renewable energy capacity . This mission aims to decarbonise the economy, reduce reliance on fossil fuels, and establish India as a global leader in green hydrogen technology DEE Development Engineers Ltd, which reported a turnover of Rs 827.36 crore in 2024-25, expects it to rise it to Rs 1,300 crore in 2025-26.
Business Standard
29-05-2025
- Business
- Business Standard
DEE Development Engineers consolidated net profit rises 165.46% in the March 2025 quarter
Sales rise 17.75% to Rs 286.37 crore Net profit of DEE Development Engineers rose 165.46% to Rs 31.51 crore in the quarter ended March 2025 as against Rs 11.87 crore during the previous quarter ended March 2024. Sales rose 17.75% to Rs 286.37 crore in the quarter ended March 2025 as against Rs 243.21 crore during the previous quarter ended March 2024. For the full year,net profit rose 66.46% to Rs 43.63 crore in the year ended March 2025 as against Rs 26.21 crore during the previous year ended March 2024. Sales rose 4.89% to Rs 827.36 crore in the year ended March 2025 as against Rs 788.76 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 286.37243.21 18 827.36788.76 5 OPM % 22.1814.21 - 14.9613.00 - PBDT 54.2928.26 92 104.7380.58 30 PBT 42.3016.48 157 55.3535.51 56 NP 31.5111.87 165 43.6326.21 66
Business Standard
29-05-2025
- Business
- Business Standard
Dee Development sizzles after Q4 PAT surges 166% YoY to Rs 31 cr
Dee Development Engineers surged 10.50% to Rs 302 after the company's consolidated net profit soared 165.6% to Rs 31.50 crore on 17.75% jump in revenue from operations to Rs 286.36 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) zoomed 156.61% YoY to Rs 42.29 crore in the quarter ended 31st March 2025. Total expenses rose 6.09% to Rs 246.67 crore in Q4 FY25, compared with Rs 232.50 crore in Q4 FY24. Cost of material consumed stood at Rs 84.46 crore (down 21.04% YoY), employee benefit expenses was at Rs 48.06 crore (up 37.98% YoY), finance cost was at Rs 11.82 crore (down 2.15% YoY) during the period under review. On full year basis, the companys consolidated net profit increased 66.53% to Rs 43.63 crore on 4.9% rise in revenue from operations to Rs 827.36 crore in FY25 over FY24. DEE Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), process industries and chemicals through engineering, procurement and manufacturing services.
