DEE Development Shares Drop 10% on West Asia Impact

Shares of DEE Development Engineers Ltd fell 10% to a day’s high of Rs 297 on 18th March, after the ongoing conflict in West Asia disrupted export orders to the region through the Strait of Hormuz.

The company said export orders have been affected due to the situation. Some shipments planned in the near term may face delays or even non-fulfilment under Force Majeure terms.

DEE has contacted affected overseas customers and is working with them during this period.

The government has invoked the Essential Commodities Act, 1955, and issued the Natural Gas (Supply Regulation) Order, 2026.

Gas supply to industrial and commercial users is capped at 80%, and to fertiliser plants at 70% of contracted volumes.

The company said it is following these rules, but near-term supplies to some domestic clients will also be impacted. Overall impact is expected to be limited, with a strong order book, stable finances, and intact manufacturing operations.

At 11:12 AM, shares of DEE Development were trading 8.99% lower at Rs 284.95 on the NSE.

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