DEE Development Engineers has announced that its wholly owned subsidiary, DEE Fabricom India Private Limited, has secured a domestic order worth ₹64 Crores from Ganeko Solar Private Limited. The contract entails the manufacturing of fifteen EN156 Envision make 353 MT Windmill Towers designed for 3.3MW windmills. The execution of this order is scheduled to be completed by January 2027, providing a clear timeline for revenue recognition.

Order Details and Payment Terms

The order value of ₹64 Crores is inclusive of GST. The agreement outlines specific payment terms structured around the project's progress. Ganeko Solar will provide 25% of the payment as an advance against a reducing balance Advance Bank Guarantee (ABG). Subsequently, 55% of the payment is due upon material readiness, with the remaining 20% payable within 15 days from the invoice date.

Warranty and Specifications

The contract includes a warranty period of 24 months commencing from the ex-works readiness date. The technical specifications require the manufacturing of towers with a capacity of 353 MT, specifically tailored for 3.3MW wind energy generation. The following table summarises the key details of the order:

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed that the order does not involve any related party transactions and that the promoter group has no interest in the entity awarding the contract.

dee development engineers reported a total order book of ₹2,433.90 crore as of May 31, 2026, driven by new orders across its piping and heavy fabrication segments. The company secured new orders worth ₹631.91 crore in May 2026, while executing orders worth ₹107.83 crore during the same period. The cumulative order inflow for FY 2026-27 reached ₹681.85 crore, with cumulative execution totaling ₹177.51 crore as of May 31, 2026.

Order Position Details

The order book data encompasses activities across various entities including DEE India, DEE Thailand, DEE Fabricom India, and Molsieve Designs Ltd. The table below details the order inflow, execution, and closing positions for the period from May 1, 2026, to May 31, 2026.

Regulatory and Operational Updates

The filing provided updates on tariff regulations affecting the company's power division. 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 a 5% annual escalation on variable cost, setting the FY 2026-27 tariff at ₹5.437 per kWh. The company indicated it may file an appeal before the Appellate Tribunal for Electricity (APTEL) to challenge this order. The projected revenue for FY 27 is approximately ₹47.71 crore, which includes ₹23.4 crore from the pellet plant.

Regarding the power division of DEE Development Engineers Limited, the PSERC had revised the tariff to ₹5.877 per unit in August 2025. However, the company filed an appeal before the Hon'ble High Court of Punjab & Haryana, which stayed the commission's order in October 2025. Consequently, the company continues to supply electricity to PSPCL at the prevailing tariff of ₹7.47 per unit. Any recovery claims by PSPCL regarding tariff differentials remain withheld pending the final disposal of the matter by the court.

The company noted that 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 export orders from DEE Thailand were considered at 1 THB = 2.90908 INR.