DEE Development Engineers Ltd, an engineering solutions provider based in Mumbai, is venturing into hydrogen production due to promising business prospects in the sector. The company's Chairman and Managing Director, Krishan Lalit Bansal, mentioned their recent acquisition of a majority stake in Maldives Design Ltd, a company specializing in manufacturing nitrogen and oxygen plants, hydrogen purification plants, and ammonia crackers. This strategic move is expected to make significant contributions to the hydrogen sector. With the government's focus on the hydrogen market, DEE Development Engineers sees potential in diversifying into hydrogen, which would also open up opportunities in process piping solutions. The company currently offers hydrogen purification systems but is actively seeking technology partnerships to manufacture complete hydrogen plants. The government's National Green Hydrogen Mission targets the annual production of five million metric tonnes of green hydrogen by 2030, complemented by an additional 125 GW of renewable energy capacity, to promote decarbonization and establish India as a leader in green hydrogen technology. DEE Development Engineers Ltd anticipates a growth in turnover from Rs 827.36 crore in 2024-25 to Rs 1,300 crore in 2025-26 as they expand their operations into hydrogen production.