Additionally, the company has secured a $4.97 million contract from John Cockerill S.A., Belgium, to deliver 682 metric tons of prefabricated piping for a heat recovery steam generator (HRSG) project in Uzbekistan. This project is slated for completion between March and August 2025.
Dee Development Engineers specializes in delivering comprehensive process piping solutions. Their expertise encompasses engineering intricate piping systems for diverse industries, coupled with state-of-the-art manufacturing capabilities that handle a wide range of metals, from carbon steel to exotic alloys. This allows them to offer end-to-end services, from design to production, for complex piping projects.
The firm reported a net profit of Rs 14.34 crore and net sales of Rs 545.55 crore for the nine months ended on 31 December 2023.
The stock entered the stock exchanges on 26 June 2024. It was listed at Rs 325, a premium of 60.1% to the issue price of Rs 203. Its IPO was subscribed 99.56 times. The issue opened for bidding on 19 June 2024 and it closed on 21 June 2024. The price band of the IPO was fixed at Rs 193 to 203 per share.
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Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
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