DEE Development Engineers filed a revised intimation for August 2026, updating order inflow to ₹94.18 crore, execution to ₹87.37 crore, and closing order book to ₹2,435.61 crore as on August 31, 2026.

The revision, disclosed to stock exchanges on September 10, 2026, supersedes the earlier filing dated September 9, 2026. The data covers operations across the company's piping, heavy fabrication, gas plants, and power divisions. The opening order book remained unchanged at ₹2,428.20 crore. Cumulative order inflow for FY27, including amendments and currency fluctuations, stood at ₹955.46 crore, while cumulative order inflow excluding those adjustments was ₹972.62 crore. Cumulative execution for FY27 reached ₹461.55 crore as of August 31, 2026.

Revised order book breakdown

The segment-wise revised figures are presented below:

Note: For the power division, order inflow and execution amounts are considered equal for the period. Exchange rate for DEE Thailand export orders: 1 THB = 2.87705 INR.

Sector-wise piping inflows

Within the piping segment, the Oil & Gas sector recorded the highest inflow at ₹54.26 crore from DEE India, followed by the Power sector with ₹28.40 crore from DEE Thailand. DEE India's Power segment contributed ₹7.16 crore in inflows, while the Others category added ₹0.30 crore. The negative inflow of -₹1.18 crore in the Heavy Fabrication segment reflects contract amendments or cancellations that outweighed new wins during the period.

Regulatory updates

The company highlighted ongoing regulatory matters affecting its power division revenues:

• Malwa Power Private Limited: The Punjab State Electricity Regulatory Commission (PSERC) fixed the tariff for FY25-26 at ₹5.224 per kWh. For FY27, the rate is set at ₹5.437 per kWh. The company has filed an appeal before APTEL, New Delhi, seeking higher tariffs as per CERC regulations. Projected revenue for FY27 is approximately ₹47.71 crore, including ₹23.4 crore from the pellet plant.
• DEE Power Division: PSERC revised the tariff to ₹5.877 per unit vide its order dated August 20, 2025. The company filed an appeal before the High Court of Punjab & Haryana, which vide its order dated October 23, 2025, stayed the operation of the PSERC order. As a result, the company continues to supply electricity to PSPCL at the prevailing tariff of ₹7.47 per unit. Any recovery claimed by PSPCL on account of tariff differential remains withheld pending final disposal by the High Court.

What the numbers show

The revised figures reflect a notable shift from the earlier filing. Execution was revised upward to ₹87.37 crore from the previously reported ₹70.26 crore, while order inflow was marginally revised down to ₹94.18 crore from ₹95.59 crore. As a result, the closing order book in the revised filing stands at ₹2,435.61 crore, compared to ₹2,454.12 crore in the original disclosure. The company also noted that revenue recognised under Ind AS 115 may differ from invoiced amounts, as recognition is aligned with the transfer of control of goods or services rather than invoicing milestones.

DEE Development Engineers has outlined its growth trajectory for operations in Thailand, reporting current revenue of nearly ₹140 crore. The engineering firm aims to scale this figure to ₹175 crore by FY27, signalling a focused expansion strategy in the Southeast Asian market.

International Expansion Strategy

The company’s guidance indicates a planned revenue increase from its current base to the FY27 target. This projection underscores DEE Development’s intent to deepen its footprint in Thailand, leveraging existing contracts and potential new wins in the region.

Nuclear Piping Joint Venture

In addition to its commercial targets, DEE Development provided an update on its strategic partnerships. The company stated that a joint venture (JV) focused on nuclear piping is likely to be finalised by the end of the year. This development aligns with the firm’s broader objective to diversify its project portfolio into high-value infrastructure segments.

What the Numbers Show

The gap between current revenue and the FY27 target suggests a compound annual growth requirement for the Thailand business unit. While the source does not disclose the specific timeline for the interim period, the ₹35 crore incremental target highlights the significance of international markets to the company’s near-term top-line growth.