Of the total Rs 260 crore investment, an initial Rs 150 crore has already been invested, partly financed by bank borrowing of Rs 40 crore.

Anjar, (Gujarat), January 21, 2025 – With the aim of targeting a three-fold rise in total revenue in the next three to five years, Dee Development Engineers, a major player in process piping solutions, has announced the commissioning of 2nd phase of its new, cutting-edge manufacturing plant in Anjar, Gujarat, through which it has enhanced the capacity by 9000 MT per annum and making the operational capacity to 12,000 MT per annum. This facility shall primarily cater to the jobs of oil and gas piping sector.

“The total investment in this state-of-the-art facility amounts to Rs 250 crore. Of this, Rs 160 crore will be allocated to the process piping solutions plant, which has an annual capacity of 27,000 metric tonnes. Till now the capacity of 12,000 MT has been commissioned and company is contemplating to enhance the balance capacity of 15000 MT shall be commissioned by October 2025. Additionally, Rs 90 crore will be invested in establishing a seamless pipe manufacturing facility specialising in high wall thickness pipes, with a planned annual production capacity of 7,000 metric tonnes. This seamless pipe facility is expected to be commissioned by January 2026,” said Mr Krishan Lalit Bansal, Chairman & Managing Director, DEE Development Engineers Limited.

Of the total Rs 260 crore investment, an initial Rs 150 crore has already been invested, partly financed by bank borrowing of Rs 40 crore. The balance investment, amounting to Rs 110 crore, will be entirely funded through debt.

“The facility is a key element of Dee Development Engineers' long-term growth strategy, aimed at catering to the increasing demand for high-quality process piping solutions and high wall thickness pipes,” Mr Bansal said that over the next three to five years, the company is targeting a three-fold increase in revenue. The facility will drive operational efficiency and enhance the EBITDA margin.

This significant investment is integral to Dee Development's strategy to capitalize on growing opportunities in the oil and gas sector. The new facility will enable the company to effectively meet the rising demand for high-quality process piping solutions and thick seamless pipes, positioning us to benefit from orders within this industry. 

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