DEE Development Engineers Limited (DDEL) has reported a significant boost to its order book in September 2025, securing new orders worth ₹63.17 crore. This development has brought the company's total order book to an impressive ₹1,308.09 crore as of September 30, 2025.

Order Inflow and Financial Performance

The company's performance in the fiscal year 2025-26 has been noteworthy, with a cumulative order inflow of ₹598.00 crore. This substantial influx of orders demonstrates DDEL's strong market position and its ability to attract business across various sectors.

To provide a clearer picture of DDEL's order book status, here's a breakdown of the key figures:

Sector-wise Order Distribution

DDEL's order book spans across multiple industries, with significant contributions from the power and oil & gas sectors. The company's diverse portfolio includes:

Power Purchase Agreements and Tariff Updates

In addition to its core business, DDEL has ongoing Power Purchase Agreements (PPAs) with Punjab State Power Corporation Limited for its Biomass Power Generation business. Notable developments include:

• Extension of Malwa Power Private Limited's PPA for another 10 years, with tariff rates to be determined by November 6, 2025.
• A stay order from the Punjab & Haryana High Court on the revised tariff for DDEL's Power Division, allowing the company to continue supplying electricity at ₹7.47 per unit instead of the revised ₹5.88 per unit.

These developments in the power sector could potentially impact DDEL's future revenue streams and profitability in the power generation segment.

Conclusion

DEE Development Engineers Limited's recent order acquisition and robust order book position reflect the company's strong market presence and operational efficiency. The diverse sector exposure and ongoing developments in the power sector indicate potential for sustained growth and stability in the coming quarters. Investors and market watchers will likely keep a close eye on DDEL's execution capabilities and future order inflows as indicators of the company's long-term performance trajectory.

DEE Development Engineers Limited (DEE) has successfully obtained a stay order from the Punjab & Haryana High Court, halting the implementation of a recent tariff revision order by the Punjab State Electricity Regulatory Commission (PSERC). This development marks a significant turn in the ongoing dispute over electricity pricing for DEE's 8 MW Abohar Plant.

Key Points of the Stay Order

• Date of Order: The High Court issued the stay order on September 23, 2025.
• Current Tariff: DEE will continue supplying electricity to Punjab State Power Corporation Limited (PSPCL) at the existing rate of ₹7.47 per unit.
• Suspension of Recovery: Any claims by PSPCL for recovering tariff differentials are suspended pending final court adjudication.

Background of the Dispute

The dispute stems from PSERC's order dated August 20, 2025, which had revised the tariff for DEE's Abohar Plant. Here's a breakdown of the tariff revision history:

Financial Implications

• The August 20, 2025 order would have entitled PSPCL to a retrospective recovery of ₹13.62 crores from DEE.
• This recovery was to be based on a tariff differential of ₹1.80 per unit, effective from January 1, 2024.

DEE's Position

DEE had initially sought an upward revision of the tariff, citing:

• Rising operational costs
• Changing market conditions
• Terms of its 30-year power purchase agreement with PSPCL

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, DEE has officially disclosed this development to the stock exchanges. The company considers this a material update for all stakeholders.

Looking Ahead

The stay order provides temporary relief for DEE, allowing it to maintain its current pricing structure. However, the final resolution of this tariff dispute remains subject to the High Court's adjudication. Stakeholders will be closely watching the proceedings, as the outcome could have significant implications for DEE's power generation business and its financial performance in the coming years.

As this legal battle unfolds, it highlights the complex regulatory environment in India's power sector, where balancing the interests of power producers and distributors remains a challenging task for regulatory authorities.