DEE Development Engineers Reports ₹2,433.90 Crore Order Book, Strengthens Energy Infrastructure Pipeline

DEE Development Engineers Limited has reported a closing order book of ₹2,433.90 crore as of May 31, 2026, supported by continued demand from the power, oil & gas, and industrial infrastructure sectors.

The company recorded order inflows of ₹631.91 crore during May 2026, including the impact of amendments and currency fluctuations, while execution during the month stood at ₹107.83 crore. Cumulative order inflows for FY2026–27 reached ₹681.85 crore by the end of May, providing visibility for future project execution across its domestic operations and international subsidiary.

According to the company, growth in the order book was driven primarily by new contracts in the power and oil & gas segments, which remain its key business areas. DEE also reported initial revenue generation from its subsidiary’s pellet unit, recording ₹1.57 crore in May and ₹2.72 crore cumulatively during the first two months of the fiscal year.

The company recently secured a ₹386.83 crore piping systems contract from Bharat Petroleum Corporation Limited, further strengthening its position in the energy infrastructure sector. The project is scheduled for execution through February 2028 and is expected to contribute to long-term revenue visibility. DEE is also executing previously announced international HRSG piping projects, seamless pipe manufacturing contracts, wind energy-related orders, and fabrication assignments across domestic and overseas markets.

Commenting on the order momentum, K. L. Bansal, Chairman and Managing Director of DEE Development Engineers, said the growth in the order book reflects sustained demand across energy and industrial infrastructure markets and highlights customer confidence in the company’s engineering, manufacturing, and execution capabilities.

He added that recent project wins, including the BPCL contract and several strategic orders secured in recent months, have significantly strengthened the company’s execution pipeline and positioned it to pursue additional high-value opportunities in both domestic and international markets.

The update follows a strong financial performance in FY26. DEE reported revenue of ₹1,142 crore, marking a 38% year-on-year increase, while Operating EBITDA rose 54% to ₹191 crore. Profit after tax climbed 77% to ₹77 crore, supported by strong execution across its core piping business.

The company also signed a long-term reservation agreement with an international EPC contractor, securing 60% of its HRSG pipe spool fabrication capacity with a minimum annual job value of US$15.27 million, further enhancing medium-term revenue visibility.