DEE Development Engineers Ltd to Expand into Hydrogen Production Amid Growing Market Potential in India
Key Ideas
  • DEE Development Engineers Ltd, led by Chairman and Managing Director Krishan Lalit Bansal, is venturing into hydrogen production, foreseeing significant opportunities in the evolving market.
  • The company has acquired a majority stake in Maldives Design Ltd, specializing in nitrogen, oxygen, hydrogen purification, and ammonia cracking plants, indicating a strategic move towards hydrogen-centric projects.
  • DEE Development Engineers aims to secure technology tie-ups for complete hydrogen plant manufacturing to align with India's ambitious National Green Hydrogen Mission, targeting 5 million metric tonnes of green hydrogen annually by 2030.
  • With a positive outlook on the hydrogen sector driven by government support and market demand, the company anticipates a substantial revenue increase, with a turnover projection of Rs 1,300 crore by 2025-26.
DEE Development Engineers Ltd, a prominent engineering solutions provider in New Delhi, is diversifying its operations to include hydrogen production, driven by the promising business prospects in the sector. The company's CMD, Krishan Lalit Bansal, revealed their recent foray into small gas/chemical plant production and the acquisition of a majority stake in Maldives Design Ltd, known for manufacturing nitrogen, oxygen, hydrogen purification, and ammonia cracking plants. These strategic investments in hydrogen-related infrastructure position DEE Development Engineers to capitalize on the evolving hydrogen market. With a keen focus on hydrogen purification systems, the company is actively seeking technology partnerships to enable the manufacturing of complete hydrogen plants. This move aligns with India's National Green Hydrogen Mission, aiming to scale up green hydrogen production to 5 million metric tonnes annually by 2030. By embracing green technology and aligning with government initiatives, DEE Development Engineers anticipates substantial growth, with a projected turnover increase from Rs 827.36 crore to Rs 1,300 crore in the fiscal year 2025-26. The company's optimistic outlook reflects the increasing emphasis on decarbonization, renewable energy, and green hydrogen technology in India's economic landscape.
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