DEE Development Engineers Ltd Expanding into Hydrogen Production Amid Government's Focus on Green Hydrogen
Key Ideas
  • DEE Development Engineers Ltd is diversifying into hydrogen production, focusing on hydrogen purification and ammonia cracker plants to tap into the evolving hydrogen market.
  • The company aims to partner with technology firms for manufacturing complete hydrogen plants, aligning with the government's National Green Hydrogen Mission for decarbonization and renewable energy.
  • Chairman Krishan Lalit Bansal anticipates significant growth in the hydrogen sector, expecting the company's turnover to increase from Rs 827.36 crore in 2024-25 to Rs 1,300 crore in 2025-26.
  • India's ambitious target of producing five million metric tonnes of green hydrogen annually by 2030 presents lucrative opportunities for DEE Development Engineers Ltd in the green energy sector.
DEE Development Engineers Ltd, an engineering solutions provider, is venturing into hydrogen production, focusing on hydrogen purification and ammonia cracker plants. The company recently acquired a stake in a specialized manufacturing company to enhance its capabilities in the hydrogen sector. Chairman Krishan Lalit Bansal highlighted the potential of hydrogen purification and ammonia cracker plants to contribute significantly to the evolving hydrogen market. As part of its expansion plans, DEE Development Engineers is seeking technology tie-ups for manufacturing complete hydrogen plants, aligning with the government's National Green Hydrogen Mission. This mission aims to boost green hydrogen production and renewable energy capacity in India, ultimately aiming to decarbonize the economy and establish the country as a global leader in green hydrogen technology. With a positive outlook on the hydrogen sector, DEE Development Engineers anticipates a surge in business opportunities. The company expects a growth in turnover from Rs 827.36 crore in the fiscal year 2024-25 to Rs 1,300 crore in 2025-26. India's ambitious target of five million metric tonnes of green hydrogen annually by 2030 further underlines the potential for growth and innovation in the green energy sector, positioning DEE Development Engineers for success in this evolving market.
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