Dee Development Engineers Ltd (DDEL) shares surged 6% after the company announced a strategic partnership with a globally recognized International Clean-Tech Partner, marking its entry into the green hydrogen sector. As of 9:45 AM, the shares were trading 5.42% higter at Rs 291.55.
The collaboration, formalized through a Memorandum of Understanding (MoU), aims to co-develop, bid for, and execute modular Green Hydrogen Production System Projects across India and Thailand. This move aligns with India’s clean energy vision and positions DDEL as a key player in the rapidly growing hydrogen economy.
International Clean-Tech Partner brings global leadership in hydrogen technologies, including electrolysers, separators, and purification systems. Its projects span advanced hydrogen generation, flue gas cleaning, and ultra-low emission solutions across multiple countries.
DDEL will leverage its expertise in manufacturing ultra-pure hydrogen purification systems (up to 99.9999% purity), project execution, and strong client relationships to drive this venture. The company’s clean energy portfolio was further enhanced with the recent acquisition of a majority stake in M/s Molsieve Designs Ltd, which has over 22 years of experience in hydrogen purification technologies.
This strategic partnership is expected to unlock new growth opportunities for DDEL, boost its presence in the clean-tech sector, and contribute to global decarbonization efforts.
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