Published On:January 22 2025
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DEE Development Engineers Boosts Capacity by 9,000 Tonnes, Announces ₹250 Crore Investment.

DEE Development Engineers, a leading provider of process piping solutions, has launched a new manufacturing plant in Anjar, Gujarat, with an annual capacity of 9,000 tonnes. This marks the first phase of a planned expansion, with the second phase set to increase the plant's total capacity to 12,000 tonnes per year.

The facility is primarily designed to meet the growing demand in the oil and gas piping sector, and the company has announced plans to invest ₹250 crore in the expansion project. Of this investment, ₹160 crore will be used to boost the plant’s capacity from 12,000 tonnes to 27,000 tonnes annually. The remaining 15,000 tonnes of capacity is expected to be operational by October.

Additionally, DEE Development Engineers plans to invest ₹90 crore in a new seamless pipe manufacturing facility, specializing in high-wall thickness pipes, with an annual capacity of 7,000 tonnes. This seamless pipe facility is slated for commissioning by January 2026.

The ₹260 crore expansion project is being financed partly through ₹150 crore already invested, including ₹40 crore in bank loans, with the remaining ₹110 crore to be funded through debt.

Krishan Lalit Bansal, Chairman and Managing Director of DEE Development Engineers, emphasized that this expansion is a key part of the company’s long-term growth strategy to meet the increasing demand for high-quality piping solutions in the oil and gas sector. The company aims to triple its revenue and improve EBITDA margins over the next three to five years.

The plant, spanning 47 acres, is expected to generate around 100 direct jobs and an additional 500 jobs for laborers. Industry forecasts suggest the sector will grow at a 7% annual rate over the next decade, driven by technological advances and rising demand for oil, gas, and hydrogen solutions.

HBL





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