DEE Development Engineers Updates Order Book with Strong February Inflow

DEE Development Engineers Limited, a key player in piping and fabrication solutions, has shared significant updates on its order book for February 2026.

For the period from 1st February to 28th February 2026, DEE's core operations under DEE India showed robust growth. In the Power sector, the opening order book stood at INR 460.27 crores, bolstered by INR 535.40 crores in new inflows (including amendments and currency fluctuations), against INR 12.32 crores executed, closing at INR 983.36 crores. The Oil & Gas segment opened at INR 751.57 crores, added INR 1.93 crores in inflows, executed INR 117.48 crores, and closed at INR 636.02 crores. Others (including process, chemical, scrap, and rent) started at INR 6.89 crores, gained INR 30.18 crores, executed INR 16.82 crores, and ended at INR 20.24 crores.

Subsidiary DEE Fabricom India mirrored this momentum in Heavy Fabrication. Its Power orders opened at INR 48.92 crores, inflowed INR 86.21 crores, executed INR 0.49 crores, and closed at INR 134.64 crores. Oil & Gas opened at INR 11.76 crores, added INR 4.26 crores, executed INR 5.11 crores, and stood at INR 10.91 crores. Gas Plants with Molsieve Designs Ltd. began at INR 40.19 crores, secured INR 89.28 crores, executed INR 4.62 crores, and closed at INR 124.86 crores. Others opened at INR 0.31 crores, inflowed INR 2.88 crores, executed INR 0.04 crores, and ended at INR 3.14 crores.

New entrants included DEE India with INR 3.12 crores inflow (treated as both inflow and execution for simplicity) and Malwa Power with INR 0.91 crores under similar terms. Overall, the total order book opened at INR 1,319.91 crores, absorbed INR 754.16 crores in inflows, executed INR 160.91 crores, and closed at INR 1,913.16 crores. Cumulative for FY 2025-26 (as of 28th February), inflows reached INR 1,713.96 crores against INR 1,029.42 crores executed.

These figures tie into Power Purchase Agreements (PPAs) with Punjab State Power Corporation Limited (PSPCL) for biomass power generation, averaging INR 80 crores in annual billing over the prior two fiscal years. PSERC's interim order set Malwa Power's tariff at Rs. 3.50 per unit post-PPA expiry on 26.04.2025, with a review petition filed. On 18th October 2025, PSERC extended the PPA for 10 years, though PSPCL appealed; Malwa filed a caveat. APTEL's 08 December 2025 order upheld supply at Rs. 3.50 per unit pending final decision.

For DEE's Power Division, PSERC revised tariffs to Rs. 5.877 per unit on 20.08.2025, but the company appealed to the Punjab & Haryana High Court. The court's 23rd October 2025 order stayed the revision, allowing continued supply to PSPCL at the prevailing Rs. 7.47 per unit, with any differential recovery withheld until final resolution.

Note that executed order values reflect aggregate invoices raised, but revenue under Ind AS 115 may differ due to Incoterms and performance obligations-recognized only upon control transfer to customers. Exchange rates for DEE Thailand's export orders used 1 THB = 2.91273 INR (sourced from OANDA). Additionally, DEE is L1 position for INR 211 crores in orders from reputed clients, awaiting formal purchase orders (not included above).

Shares of Dee Development Engineers Limited was last trading in BSE at Rs. 311.15 as compared to the previous close of Rs. 309.05. The total number of shares traded during the day was 393544 in over 4737 trades.

The stock hit an intraday high of Rs. 322.95 and intraday low of 303.90. The net turnover during the day was Rs. 123468928.00.

Source : Equity Bulls

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DeeDevelopmentEngineers IndustrialProducts INE841L01016 Update OrderBook