DEE Development Engineers Reports March 2026 Order Book Updates
DEE Development Engineers Limited released details concerning its order book updates for the period spanning March 1, 2026, to March 31, 2026. The company provided a comprehensive overview of its business segments, detailing order inflows, executed amounts, and cumulative figures.The order book data, presented in INR in Crores, outlines the activity across various nature of activities, including Pipings and Heavy Fabrication.
The following table summarizes the order book details for the period:
| Nature of Activity | Customer Name | Customer Industry | Opening Balance (as on 1st March, 2026) | Order Inflow during March 2026 | Executed during March 2026 | Closing Balance (as on 28th March, 2026) | Cumulative Order Inflow (FY 2025-26 as of March 31, 2026) | Cumulative Order Executed (FY 2025-26 as of March 31, 2026) |
|---|---|---|---|---|---|---|---|---|
| Pipings | DEE India $ | Power | 983.36 | 53.61 | 32.16 | 1,004.81 | 1,083.09 | 242.60 |
| Pipings | DEE India $ | Oil&Gas | 636.02 | 21.05 | 74.42 | 582.65 | 236.21 | 601.10 |
| Pipings | DEE India $ | Others* | 20.24 | 6.01 | 8.88 | 17.37 | 78.99 | 65.11 |
| Pipings | DEE Thailand## | Power | 134.64 | 67.90 | 0.00 | 202.54 | 227.51 | 50.66 |
| Pipings | DEE Thailand | Oil&Gas | 10.91 | 2.34 | 0.00 | 13.25 | 35.84 | 63.69 |
| Heavy Fabrication | DEE Fabricom India | Power | 124.86 | ₹ 0.04 | ₹ 8.67 | 116.23 | 149.68 | 79.48 |
| Gas Plants | Molsieve Designs Ltd | Others* | 3.14 | 0.19 | 0.11 | 3.21 | 7.11 | 4.36 |
| Power | DEE India** | - | 3.43 | 3.43 | - | 36.36 | 36.36 | |
| Power | Malwa Power** | - | 1.13 | 1.13 | - | 14.86 | 14.86 | |
| Total | Total | 1,913.16 | 155.70 | 128.80 | 1,940.07 | 1,869.67 | 1,158.22 |
The company also noted an additional order value of INR 209 crores from reputed clients for which formal purchase orders are anticipated, although this amount was excluded from the table above.
Key Financial and Operational Updates
For the Power Division business, the company mentioned that Punjab State Power Corporation Limited (PSPCL) has Power Purchase Agreements (PPA) in place for its Biomass Power Generation business, with an average billing of ₹80 crore per year for the preceding two fiscal years.Regarding tariff rates, the Punjab State Electricity Regulatory Commission (PSERC) passed an interim Order revising the tariff for Malwa Power Private Limited to a fixed tariff of Rs. 3.50 per unit, as the PPA expired on 26.04.2025. Subsequently, PSERC's Final order dated 27 March 2026 fixed the tariff rate for FY 2025-26 at Rs 5.224/kWh (Rs 0.97 fixed + Rs 4.254 variable), incorporating an annual escalation of 5% on variable cost. This sets the tariff rate for FY 2026-27 at Rs 5.437 per kWh effective from 01.04.2027.
Additionally, the tariff of DEE Development Engineers Limited (Power Division) was revised to Rs. 5.877 per unit by PSERC vide its order dated 20.08.2025. However, an appeal filed by the company before the High Court of Punjab & Haryana resulted in an order dated 23rd October, 2025, which stayed the Commission's order. Consequently, the company continues to supply electricity to PSPCL at the prevailing tariff of ₹7.47 per unit, and any recovery claimed by PSPCL on account of tariff differential remains withheld pending the High Court's final disposal of the matter.
The company clarified that the total value of executed orders represents the aggregate amount of invoices raised. However, revenue recognized under Indian GAAP (Ind AS 115 - Revenue from Contracts with Customers) may differ from the invoiced amount, as revenue recognition aligns with the transfer of control of goods or services to the customer, considering various Incoterms and performance obligations.
For reference, the exchange rate considered for existing export orders of DEE Thailand was 1 THB = 2.86146 INR.
DEEDEV Stock Price Movement
Shares of DEE Development Engineers Limited are surging to ₹321.4 as of 10:45 AM, rallying 2.42% in live trading. This powerful day, supported by 662,859 shares traded, pushes the stock to its 52-week high range.Source:
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.