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An announcement from DEE Development Engineers Limited ( (IN:DEEDEV) ) is now available.
DEE Development Engineers Limited announced a significant update regarding its wholly owned subsidiary, Malwa Power Private Limited (MPPL), which generates electricity from biomass. The Punjab State Electricity Regulatory Commission (PSERC) has ruled that the extension of MPPL’s Power Purchase Agreement (PPA) with Punjab State Power Corporation Limited (PSPCL) for an additional 10 years is valid, and PSPCL cannot unilaterally set the tariff. The PSERC will determine the tariff for this period, with a hearing scheduled for November 2025. This decision is expected to positively impact MPPL’s operations by ensuring a fair tariff determination process.
More about DEE Development Engineers Limited
DEE Development Engineers Limited is a publicly listed engineering company engaged in manufacturing piping systems and renewable energy solutions. The company focuses on biomass power initiatives that convert agricultural residue into sustainable, grid-connected green power.
Average Trading Volume: 61,590
Technical Sentiment Signal: Buy
Current Market Cap: 19.81B INR
For an in-depth examination of DEEDEV stock, go to TipRanks’ Overview page.