DEE Development Engineers April 2026 Order Book: ₹1,909.82 Crore Closing Value, L1 for ₹211 Crore

4 min read     Updated on 09 May 2026, 10:05 AM
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DEE Development Engineers Limited disclosed its April 2026 order book update, reporting ₹49.94 crore inflow and ₹67.48 crore execution, with the closing order book at ₹1,909.82 crore against an opening of ₹1,927.36 crore. DEE India is L1 for ₹211 crore in orders pending formal award. The filing also details tariff developments for the Power Division, including a High Court stay on PSERC's revised tariff and projected FY 27 revenue of approximately Rs. 47.71 crore.

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DEE Development Engineers Limited has disclosed its order book update for the period from 1st April, 2026 to 30th April, 2026, filed with the stock exchanges on 8th May, 2026. The company reported a total order inflow of ₹49.94 crore and executed orders aggregating ₹67.48 crore during the month. The closing order book stood at ₹1,909.82 crore, compared to an opening balance of ₹1,927.36 crore at the start of the period. The cumulative order inflow and execution for FY 2026-27 as of 30th April, 2026 stand at ₹49.94 crore and ₹67.48 crore, respectively. Notably, DEE India has also been identified as the lowest bidder (L1) for orders worth ₹211 crore from reputed clients, for which formal purchase orders are yet to be awarded and have not been included in the order book figures.

Order Book Summary — April 2026

The following table presents the consolidated order book movement across all business segments and entities for April 2026 (all figures in INR Crores):

Metric: Value
Opening Order Book (1st April, 2026): ₹1,927.36 crore
Order Inflow (April 2026): ₹49.94 crore
Orders Executed (April 2026): ₹67.48 crore
Closing Order Book (30th April, 2026): ₹1,909.82 crore
Cumulative Order Inflow FY 2026-27: ₹49.94 crore
Cumulative Order Executed FY 2026-27: ₹67.48 crore
L1 Orders Pending Formal Award: ₹211 crore

Segment-Wise and Entity-Wise Order Book Details

The order book encompasses activity across the Pipings, Heavy Fabrication, Gas Plants, and Power segments. The detailed breakdown by entity, industry, and activity is presented below (all figures in INR Crores):

Nature of Activity: Entity Customer Industry Opening (1st Apr 2026) Inflow (Apr 2026) Executed (Apr 2026) Closing (30th Apr 2026)
Pipings: DEE India Power 1,004.81 8.58 1.87 1,011.53
Pipings: DEE India Oil & Gas 582.65 18.78 38.60 562.84
Pipings: DEE India Others 17.37 7.50 5.36 19.51
Pipings: DEE Thailand Power 193.27 7.25 9.16 191.35
Pipings: DEE Thailand Oil & Gas 9.82 0.72 1.15 9.39
Heavy Fabrication: DEE Fabricom India Power 116.23 0.43 4.63 112.03
Gas Plants: Molsieve Designs Ltd Others 3.21 0.25 0.29 3.17
Power: DEE India 3.47 3.47
Power: Malwa Power Power generation unit 1.82 1.82
Power: Malwa Power Pellet unit 1.15 1.15
Total: 1,927.36 49.94 67.48 1,909.82

For DEE Thailand, exchange rates for existing export orders were considered at 1 THB = 2.91003 INR.

Additional Order Pipeline and Power Segment Developments

DEE India has disclosed that it is the lowest bidder (L1) for orders worth ₹211 crore from reputed clients, for which formal purchase orders are expected to be awarded. This amount has not been included in the order book table above.

Regarding the Power segment, there are Power Purchase Agreements (PPA) in place with Punjab State Power Corporation Limited for the Biomass Power Generation business. The average billing for the preceding two fiscal years has been ₹80 crore per year. The Punjab State Electricity Regulatory Commission (PSERC), via its final order dated 27th March, 2026, fixed the tariff rate for Malwa Power Private Limited for FY 2025-26 at Rs. 5.224/kWh (Rs. 0.97 fixed + Rs. 4.254 variable), with an annual escalation of 5% on variable cost. Accordingly, the tariff rate for FY 2026-27 shall be Rs. 5.437 per kWh with effect from 01.04.2027. The projected revenue for FY 27 is approximately Rs. 47.71 crore, which includes Rs. 23.4 crore from the pellet plant.

Tariff and Legal Developments — DEE India Power Division

The tariff of DEE Development Engineers Limited's Power Division was revised to Rs. 5.877 per unit by PSERC vide its order dated 20.08.2025. The company filed an appeal before the High Court of Punjab & Haryana against this order. The High Court, vide its order dated 23rd October, 2025, stayed the operation of the Commission's order. As a result of this stay:

  • The company shall continue to supply electricity to PSPCL at the prevailing tariff of ₹7.47 per unit.
  • Any recovery claimed by PSPCL on account of tariff differential shall remain withheld until the final disposal of the matter by the High Court.

The company has also noted that it may file an appeal before the Appellate Tribunal for Electricity (APTEL), New Delhi, to challenge the PSERC order determining the tariff for the Malwa Power plant, with a prayer to increase the tariff as per CERC Regulations.

Note on Revenue Recognition

The company has clarified that the total value of orders executed during the period represents the aggregate amount of invoices raised on customers. Revenue recognized under Indian GAAP (Ind AS 115 – Revenue from Contracts with Customers) may differ from the invoiced amount due to the application of various Incoterms and performance obligations under respective contracts. Revenue recognition is aligned with the transfer of control of goods or services to the customer, and not merely based on invoicing milestones. Accordingly, revenue recognized during the reporting period may be lower than the total invoiced value for the same period.

Historical Stock Returns for DEE Development Engineers

1 Day5 Days1 Month6 Months1 Year5 Years
+2.52%+12.53%+49.54%+101.39%+111.32%+39.94%

Will DEE India successfully convert the ₹211 crore L1 pipeline into formal purchase orders, and how quickly could these be awarded given current industry procurement timelines?

How might the outcome of DEE India's High Court appeal against PSERC's revised tariff of ₹5.877/unit impact the company's power division profitability if the stay is eventually lifted?

Given that order execution (₹67.48 crore) outpaced order inflow (₹49.94 crore) in April 2026, what is the risk of further order book erosion if new order wins don't accelerate through FY 2026-27?

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DEE Development Engineers Limited Files SEBI Compliance Certificate for Q4 FY26

1 min read     Updated on 10 Apr 2026, 10:23 PM
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DEE Development Engineers Limited submitted its Q4 FY26 compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The certificate from registrar MUFG Intime India Private Limited confirms proper processing of dematerialized securities within prescribed timelines. The company filed this certificate with BSE and NSE on April 10, 2026, fulfilling its regular compliance obligations.

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Dee development engineers Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, fulfilling its regulatory obligations under SEBI (Depositories and Participants) Regulations, 2018.

Compliance Certificate Details

The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the company's registrar and share transfer agent. The document confirms compliance with Regulation 74(5) of SEBI regulations for the fourth quarter of fiscal year 2026.

Parameter: Details
Quarter Ended: March 31, 2026
Certificate Date: April 3, 2026
Filing Date: April 10, 2026
Registrar: MUFG Intime India Private Limited

Key Confirmations

The certificate provides several important confirmations regarding the handling of securities during the quarter:

  • All securities received from depository participants for dematerialization were confirmed to depositories within prescribed timelines
  • Security certificates received for dematerialization were properly confirmed or rejected
  • Received security certificates were mutilated and cancelled after due verification by depository participants
  • Names of depositories were substituted in the register of members as registered owners within required timeframes
  • Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed

Stock Exchange Filing

The company submitted the compliance certificate to both major Indian stock exchanges on April 10, 2026:

Exchange: Details
BSE Limited: Scrip Code 544198
National Stock Exchange: Symbol DEEDEV
Filed By: Ranjan Kumar Sarangi, Company Secretary
Membership No.: F8604

Company Information

DEE Development Engineers Limited operates from its registered office at Unit 1, Prithla-Tatarpur Road, Village Tatarpur, District Palwal, Haryana. The company maintains manufacturing facilities across three units in the same location and is incorporated under CIN L74140HR1988PLC030225.

This quarterly compliance filing represents part of the company's ongoing regulatory obligations to ensure transparency and proper handling of securities transactions in the Indian capital markets.

Historical Stock Returns for DEE Development Engineers

1 Day5 Days1 Month6 Months1 Year5 Years
+2.52%+12.53%+49.54%+101.39%+111.32%+39.94%

What impact might the transition from Link Intime to MUFG Intime India as registrar have on Dee Development's future compliance processes and costs?

How could Dee Development's expansion across three manufacturing units in Haryana position the company for growth in FY2027?

Will the company's consistent regulatory compliance help attract institutional investors or improve its credit ratings in the coming quarters?

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