In a strategic move aimed at capturing a slice of India’s growing green hydrogen market, engineering solutions provider DEE Development Engineers Ltd has announced plans to diversify into hydrogen production. The company sees immense potential in this evolving sector, driven by government support and a shift towards cleaner energy.
Chairman and Managing Director Krishan Lalit Bansal, speaking to PTI, said, “We have very recently put our foot in the production of some small gas/chemical plants. We have acquired a 70% stake in Maldives Design Ltd, which is specialised in the manufacturing of nitrogen and oxygen plants, hydrogen purification plants and ammonia crackers.”
These two specific technologies hydrogen purification and ammonia crackers are expected to play a critical role in the company’s foray into the hydrogen space. According to Bansal, “These plants are going to make significant contributions in the hydrogen sector.” He added that while the hydrogen market is still maturing, the signs point to a promising future.
“The hydrogen market is evolving and nobody has a fair estimate about the business opportunity in this particular segment,” he said. “But, going forward, since the government has enough focus on this particular segment, we foresee a good amount of business opportunities.”
DEE Development Engineers is currently engaged in supplying hydrogen purification systems but is now actively looking to expand its footprint through technology tie-ups for manufacturing complete hydrogen plants, which would include purification systems.
This diversification is seen as a natural progression for the company, aligning with its existing expertise in process piping solutions. “This also creates further opportunities in the process piping solution space when we are entering into hydrogen,” Bansal said.
The company’s entry into the hydrogen domain coincides with India’s ambitious National Green Hydrogen Mission, which aims to produce at least five million metric tonnes of green hydrogen annually by 2030. The mission is part of India’s broader strategy to decarbonise the economy, reduce dependency on fossil fuels, and establish the country as a global hub for green hydrogen technology. The initiative also envisions the addition of 125 GW of renewable energy capacity.
DEE Development Engineers’ renewed focus on hydrogen production comes at a time of overall business expansion. The company posted a turnover of ₹827.36 crore in FY 2024–25, and it now aims to grow to ₹1,300 crore in FY 2025–26, reflecting confidence in its new ventures and market strategy.
As the company sets its sights on emerging opportunities in the hydrogen economy, DEE Development Engineers appears poised to contribute meaningfully to India’s clean energy ambitions while unlocking new avenues of growth in the process engineering sector.
