Dee Development Engineers Ltd Receives Letter of Intent from Indian PSU in Power Sector Worth Approx. Rs. 170 Crores

Dee Development Engineers Ltd has received a Letter of Intent (LOI) from an Indian Public Sector Undertaking (PSU) in the Power Sector. The LOI is for the supply of approximately 1900 MT of Critical Piping for two important Power Projects and Pipes for FN Assembly. The total value of various orders in the LOI is approximately Rs. 170 Crores. The projects are to be executed within 9 to 15 months from the date of the LOI. 90% payment will be made within 90 days from the date of site acknowledgment /receipt and acceptance of materials. The balance of 10% payment will be made within 90 days after completion of the PO.