Rs 1,303 crore order book: Engineering company receives supply order for windmill towers of Rs 90 crore!

DEE Development Engineers Limited (DDEL) has reached a significant milestone as its wholly-owned subsidiary, DEE Fabricom India Private Limited, secured a supply order for windmill towers valued at approximately Rs 90 crore. This domestic contract represents the highest value order in the subsidiary's history, signalling a robust expansion into the renewable energy sector. While the client's identity remains confidential due to commercial considerations, the project is slated for execution between May 2026 and January 2027. This substantial win underscores the group's growing technical capacity and its strategic focus on supporting India's green energy infrastructure through high-scale industrial fabrication.

About the Company

Dee Development Engineers Limited (DDEL) is a global leader in specialised process piping solutions, catering to sectors like oil and gas, power (including nuclear), chemicals, and other process industries. Offering a comprehensive service from design to manufacturing, DDEL produces a wide range of piping products including high-pressure systems and custom components. As India's largest player in this domain by installed capacity, the company has a strong international footprint, generating over half its revenue from markets like Canada, Thailand, and the USA.

DEE Development Engineers delivered stellar performance in Q3FY26, characterised by a 77 per cent YoY revenue surge to Rs 286.7 crore, fueled by robust execution in the piping and fittings segment. Operating EBITDA witnessed an extraordinary leap of 666.4 per cent YoY to reach Rs 43.40 crore, benefiting from significant operating leverage and enhanced capacity utilisation. While the company recorded a PAT of Rs 18.6 crore, its core business margins remained resilient at 18.04 per cent after adjusting for one-time labour code impacts and non-core losses. With a healthy closing Order Book of Rs 1,302.73 crore and fresh inflows of Rs 251 crore from the power sector, the company maintains a strong growth trajectory backed by sustained demand in the oil and gas industries. The stock is up by 28 per cent from its 52-week low of Rs 166.60 per share.

Disclaimer: The article is for informational purposes only and not investment advice.