Dee Development shares hit fresh 52-week high after firm secures ₹206 crore supply order

Dee Development Engineers' share price surged 4.6% to a fresh 52-week high level on Tuesday, June 2, after the company disclosed that it has successfully secured a ₹206.55 crore order from an undisclosed Maharatna PSU, according to an exchange filing.

Shares of Dee Development rose 4.6% to an intraday high of ₹651.80 after the opening bell on Tuesday, compared to ₹623.05 in the previous market close, which was also the earlier 52-week high level during Monday's trading session.

“We wish to inform that the Company has secured contracts aggregating ₹206.55 crore (Excluding GST),” the company informed the stock exchange.

As per the contract, Dee Development will provide the manufacturing and supply of a critical piping assembly, which includes a main steam package and hot reheat system to the power sector PSU EPC conglomerate.

The NSE filing further showed that the company will execute two units of the order within 6-12 months from the order, and the remaining two units will be executed within a period of 2-15 months from the date of the order update.

In exchange, the company will receive ₹206.55 crore, excluding GST charges for the contract.

The company’s stock surged 5% to hit its 52-week high and upper circuit during Monday’s trading session, closing at a year-high level of ₹623.05, compared to ₹593.40 at the previous market close, as per NSE data.

BPCL’s ₹386 crore order update

On Saturday, May 30, Dee Development Engineers received an ₹386 crore order from Bharat Petroleum Corporation Limited (BPCL) for the manufacturing and supply of piping to the energy producer.

As per the details of the contract, the company will receive a total of ₹386,82,65,388/- or more than ₹386 crore, including GST charges for the contract.

The piping deal is expected to be completed within the delivery date of February 18, 2028, as per the NSE filings.

Dee Development shares up 198% YTD

Dee Development Engineers shares have delivered stock market investors with more than 112% returns on their investment in the past one year, and over 198% gains on a year-to-date (YTD) basis, so far in 2026.

In the last one month, the company’s stock has risen more than 49%, and was trading 15% higher over the last five trading sessions on the Indian stock market, according to NSE data.

Shares of Dee Development hit their 52-week high of ₹623.05 during the stock market session on Monday, June 1, 2026, while the 52-week low was at ₹183 back in January 2026, according to the exchange data.

The company’s market capitalisation (m-cap) was at ₹4,315 crore as of the stock market close on Monday, June 1, 2026.