DEE Development Engineers Bagged Rs 630 Crore of New Orders

MUMBAI:
DEE Development Engineers Limited (BSE: 544198 | NSE: DEEDEV), a leading engineering company providing customized process piping solutions along with its material subsidiary, has secured new domestic orders aggregating to ?630.56 crore including of GST. The contracts include a ?386.83 crore order from Bharat Petroleum Corporation Limited (BPCL) for the manufacturing and supply of piping systems, and a ?206.55 crore excluding GST (?243.73 crore including GST) order for the manufacturing and supply of critical piping assembly, including the Main Steam package and Hot Reheat system, from a public sector Maharatna EPC conglomerate in the power sector.

Together, the two mandates enhance DEE Development Engineers’ medium-term execution visibility and reinforce its capabilities across both energy and power infrastructure. While the BPCL order is scheduled for delivery up to February 2028, the power sector order is to be executed over a period ranging from 6 to 15 months from purchase order issuance, depending on the unit. The wins underscore the company’s strength in executing complex engineering and manufacturing assignments for marquee domestic clients and position it well to benefit from rising investments across India’s energy, power, and industrial infrastructure sectors.

Commenting on the order wins, Krishan Lalit Bansal, Chairman & Managing Director, DEE Development Engineers Limited, said: “These orders mark another important step in strengthening our domestic business across strategic infrastructure sectors. The continued trust placed in us by marquee organisations such as BPCL and a public sector Maharatna EPC conglomerate in the power sector reflects confidence in our manufacturing capabilities, quality standards, and execution track record. As investments across India’s energy, power, refining, and industrial infrastructure sectors continue to rise, we remain focused on delivering complex projects efficiently and expanding our presence in high-value opportunities.”

The two new orders further strengthen DEE’s execution pipeline and build on the company’s strong operational and business momentum. In FY26, the company reported revenue of ?1,142 crore, reflecting a 38% year-on-year increase, while its closing order book grew nearly 58% to ?1,940 crore. During the year, the company also secured a long-term reservation agreement with a leading international EPC company for 60% of the HRSG pipe spool fabrication capacity at its Thailand facility. Together, these developments reinforce DEE Development Engineers’ position as a trusted engineering and manufacturing partner for large-scale energy and industrial infrastructure projects.