Mumbai, Aug 10: DEE Development Engineers Limited, an engineering and process piping solutions provider, maintained a strong order book of ?2,428.79 crore as on 31 July 2026, supported by continued order activity across its core power, oil & gas, heavy fabrication and industrial businesses. The company recorded order inflows of ?81.06 crore during July, while execution during the month stood at ?80.46 crore.
With the July additions, DEE’s cumulative order inflow for FY2026–27 stood at ?861.28 crore, including amendments and currency fluctuations, while cumulative order execution reached ?374.18 crore as of 31 July 2026. The company’s core piping business continued to account for the majority of the order book, with strong exposure to power and oil & gas projects across domestic and international operations.
During July, DEE India recorded order inflows across power, oil & gas and other industrial segments, while DEE Fabricom India added ?19.69 crore of orders in the power segment through its heavy fabrication business. The company’s Thailand subsidiary also continued execution across international power and oil & gas projects. The company also remains L1 for orders worth ?42 crore from reputed clients, for which formal purchase orders are expected to be awarded shortly. These orders have not been included in the reported order book or order inflow figures.
Commenting on the development, Mr. K. L. Bansal, Chairman and Managing Director, DEE Development Engineers Limited, said:
“Our ?2,428.79 crore order book at the end of July provides strong visibility for FY27 and reflects the depth of demand we are seeing across power, oil & gas, process industries and international markets. With our major expansion cycle now behind us, we are focused on improving utilisation, asset turns and operating leverage across our manufacturing platform. We remain firmly on track to deliver our FY27 revenue target of ?1,500 crore-plus and EBITDA margin of over 19%, while continuing to strengthen our cash generation and returns.
The opportunity pipeline remains robust, and we continue to see strong traction across both domestic and international markets. We expect going financial years’ order inflows to exceed ?2,000 crore, supported by opportunities across our core businesses as well as newer areas such as nuclear and data centres. With additional orders at the L1 stage and a healthy project pipeline, our focus is on converting this visibility into profitable growth while maintaining a disciplined approach to capital allocation and debt reduction.”
The company’s non-core power generation business also continued to contribute to the overall business pipeline. The 6 MW Malwa Power biomass plant has an applicable tariff of ?5.437 per kWh for FY2026–27, following the tariff determination for FY2025–26 and the 5% annual escalation in the variable component. The company has also projected FY27 revenue of approximately ?47.71 crore from its power generation and pellet businesses, including approximately ?23.4 crore from the pellet plant.
The company continues to focus on execution across its expanded manufacturing platform, while leveraging its integrated capabilities across process piping, heavy fabrication, seamless pipes and engineered solutions to address growing requirements across energy and industrial infrastructure markets.
