DEE Development Engineers Reports Order Book of ₹2,428.20 Crore for June 2026

2 min read     Updated on 09 Jul 2026, 09:36 AM
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DEE Development Engineers reported a total order book of ₹2,428.20 crore as of June 30, 2026, with monthly order inflow of ₹99.02 crore and execution of ₹104.72 crore. The Pipings segment dominated with ₹2,219.05 crore, while cumulative FY 2026-27 inflow reached ₹780.87 crore. Key disclosures include a PSERC-set tariff of ₹5.437 per kWh for Malwa Power for FY 2026-27 and an ongoing High Court stay on a revised tariff order.

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DEE Development Engineers reported a total order book of ₹2,428.20 crore as of June 30, 2026. The company recorded an order inflow of ₹99.02 crore and executed orders worth ₹104.72 crore during the month. The cumulative order inflow for FY 2026-27 reached ₹780.87 crore, while cumulative execution stood at ₹294.37 crore.

Order Book Position

The order book data covers the period from June 1, 2026, to June 30, 2026. The Pipings segment accounted for the majority of the order book, with a closing balance of ₹2,219.05 crore. The Heavy Fabrication segment reported a closing balance of ₹167.15 crore. The segment-wise breakdown of the order book is presented below:

Nature of Activity Name of Company Customer's Industry Closing as on 30th June, 2026 (₹ in Crores)
Pipings DEE India Power 1,219.03
Pipings DEE India Oil & Gas 854.76
Pipings DEE India Others* 7.30
Pipings DEE Thailand Power 176.79
Pipings DEE Thailand Oil & Gas 0.17
Heavy Fabrication DEE Fabricom India Power 167.15
Gas Plants Molsieve Designs Ltd Others* 3.00
Power DEE India - -
Power Malwa Power Power generation unit -
Power Malwa Power Pellet unit -
Total 2,428.20

Key Disclosures

The company stated it is L1 for orders worth ₹12 crore from reputed clients, which are not included in the table figures. For the Others category in Pipings, the order inflow and execution amounts were considered the same for the period.

The Punjab State Electricity Regulatory Commission (PSERC) fixed the tariff for Malwa Power Private Limited at ₹5.224 per kWh for FY 2025-26, with an annual escalation of 5% on variable cost. Consequently, the tariff for FY 2026-27 is set at ₹5.437 per kWh. The projected revenue for FY 27 is approximately ₹47.71 crore, which includes ₹23.4 crore from the pellet plant. The company may file an appeal before the APTEL, New Delhi.

Regarding the Power Division, the PSERC revised the tariff to ₹5.877 per unit in August 2025. However, the Hon'ble High Court of Punjab & Haryana stayed this order in October 2025. 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 until the final disposal of the matter.

The total value of orders executed represents the aggregate amount of invoices raised. Revenue recognized under Indian GAAP (Ind AS 115) may differ from the invoiced amount due to Incoterms and performance obligations. Exchange rates for DEE Thailand export orders were considered at 1 THB = 2.84472 INR.

Historical Stock Returns for DEE Development Engineers

1 Day5 Days1 Month6 Months1 Year5 Years
+3.73%+10.86%+4.05%+243.75%+143.72%+113.94%

How will the potential appeal before APTEL regarding the Malwa Power tariff impact the projected revenue of ₹47.71 crore for FY 27?

What is the timeline for the final disposal of the Power Division tariff matter, and how might a ruling affect the current ₹7.47 per unit supply rate?

With the Pipings segment dominating the order book, does DEE Development Engineers have strategies to diversify or grow the Heavy Fabrication and Gas Plants segments?

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DEE Development Engineers gets exchange nod for ₹300 crore preferential issue

1 min read     Updated on 02 Jul 2026, 04:15 PM
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DEE Development Engineers Limited has received in-principle approval from BSE and NSE to issue 59,76,096 equity shares on a preferential basis at ₹502 per share, totaling ₹300 crore. The company must comply with SEBI (ICDR) and LODR regulations and obtain undertakings from allottees regarding trading restrictions. A listing application must be submitted within twenty days of allotment.

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DEE Development Engineers Limited has secured in-principle approval from BSE Limited and National Stock Exchange of India Limited to issue 59,76,096 equity shares on a preferential basis, aggregating to ₹300 crore. The shares, with a face value of ₹10 each, will be issued at a price of ₹502 per share, including a premium of ₹492 per share, to Promoter and Non-Promoters. The approvals, referenced as LOD/PREF/DA/FIP/464/2026-27 from BSE and NSE/LIST/55604 from NSE, were both granted on July 1, 2026.

The company must ensure the issue and allotment comply with the Companies Act, 2013, SEBI (ICDR) Regulations, 2018, and SEBI (LODR) Regulations, 2015. The exchanges advised the company to strengthen internal controls to monitor trades executed by proposed allottees. Specifically, the company must obtain an undertaking from allottees confirming they will not engage in intra-day trading or sell shares until the allotment date. The responsibility for verifying this compliance lies solely with the issuer company, and any non-compliance could impact the listing of the shares.

Issue Details

The key parameters of the preferential issue are summarised below:

Parameter: Details
Total Equity Shares: 59.76 lakh (59,76,096)
Aggregate Issue Size: ₹300 crore
Face Value: ₹10 per share
Issue Price: ₹502 per share (including premium of ₹492)
Allottees: Promoter and Non-Promoters (Public)
BSE Ref No.: LOD/PREF/DA/FIP/464/2026-27
NSE Ref No.: NSE/LIST/55604
Approval Date: July 1, 2026

Following the allotment, the company is required to submit a listing application within twenty days to the recognised stock exchanges along with applicable fees and necessary documents. The exchanges reserved the right to withdraw the in-principle approval if the information provided is found to be incomplete, incorrect, or misleading.

Historical Stock Returns for DEE Development Engineers

1 Day5 Days1 Month6 Months1 Year5 Years
+3.73%+10.86%+4.05%+243.75%+143.72%+113.94%

How will the infusion of ₹300 crore influence DEE Development Engineers' capital allocation strategy and future expansion plans?

What is the rationale behind the significant premium of ₹492 per share, and how does it reflect current investor sentiment?

How might the dilution of equity shares affect the earnings per share (EPS) and existing shareholders' value in the long term?

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