DEE Development Engineers Limited Reports Order Book Status; High Court Stays Tariff Dispute Ruling
DEE Development Engineers Limited provided updates on its order book performance for May 2026 while navigating a crucial tariff dispute with the Punjab State Power Corporation Ltd (PSPCL). The company confirmed that the operation of the Commission's prior tariff order has been stayed by the Hon’ble High Court, allowing current operations to continue at a specified rate.The operational and financial status for May 2026 shows varied performance across various business segments, including piping, heavy fabrication, and gas plants.
Order Book Snapshot (May 2026)
Total figures from the order book for the period ranging from May 1 to May 31, 2026, are detailed below, covering different industry verticals and company names:| Nature of Activity | Customer / Company Name | Industry | Opening Order Position (in Crores) | Inflow during May 2026 (in Crores) | Executed during May 2026 (#) | Closing Order Position (in Crores) | Cumulative Order Inflow FY 2026-27 (in Crores) | Cumulative Order Executed FY 2026-27 (in Crores) |
|---|---|---|---|---|---|---|---|---|
| Piping | DEE India | Power | 1,011.53 | 274.79 | 34.90 | 1,251.42 | 283.37 | 36.76 |
| Piping | DEE India | Oil & Gas | 562.84 | 358.49 | 40.15 | 881.18 | 377.28 | 79.84 |
| Piping | DEE India | Others* | 19.51 | -6.49 | 10.72 | 2.29 | 1.01 | 16.93 |
| Piping | DEE Thailand | Power | 191.35 | 3.22 | 9.81 | 184.76 | 10.46 | 18.97 |
| Piping | DEE Thailand | Oil & Gas | 9.39 | -6.48 | 2.07 | 0.84 | 5.76 | 3.22 |
| Heavy Fabrication | DEE Fabricom India | Power | 112.03 | 2.84 | 4.67 | 110.20 | 3.26 | 9.56 |
| Gas Plants | Molsieve Designs Ltd | Others* | 3.17 | 0.09 | 0.05 | 3.22 | 0.34 | 0.34 |
| Power | DEE India | - | 3.24 | 3.24 | - | 6.71 | 6.71 | |
| Power | Malwa Power | Power generation unit | - | 0.65 | 0.65 | - | 2.46 | 2.46 |
| Power | Malwa Power | Pellet unit | 1.57 | 1.57 | 2.72 | 2.72 | ||
| Total | Total | 1,909.82 | 631.91 | 107.83 | 2,433.90 | 681.85 | 177.51 |
Status of Tariff Dispute with PSPCL
The company is engaged in a legal dispute regarding its power tariff. Earlier, the tariffs for DEE Development Engineers Limited's Power Division were revised to Rs. 5.877 per unit by the PSERC via an order dated August 20, 2025. The Company challenged this ruling by filing an appeal before the High Court of Punjab & Haryana.The Hon’ble High Court issued an order on October 23, 2025, which stayed the Commission's tariff order. Consequently, the Company continues to supply electricity to PSPCL at the prevailing rate of ₹7.47 per unit. The court ruling stipulated that any recovery claimed by PSPCL due to the tariff differential must remain withheld until the final disposal of the matter by the Hon’ble High Court.
Financial and Operational Notes
The total value of orders executed during the reporting period represents the aggregate amount of invoices raised on customers. However, the revenue recognized under Indian GAAP (Ind AS 115 - Revenue from Contracts with Customers) may be different from the invoiced amount. This variation is attributed to the application of various Incoterms and performance obligations stipulated in the respective contracts. Revenue recognition aligns with the transfer of goods or services to the customer and may therefore be lower than the total invoiced value for the same period.Furthermore, exchange rates used for existing export orders pertaining to DEE Thailand were set at 1 THB = 2.90908 INR.
DEEDEV Stock Price Movement
On Friday, shares of DEE Development Engineers Limited gained strongly, closing at ₹671.15 after rallying 5.00% from the previous close. The equity saw robust market participation, with a total traded volume recording 185,836 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: