DEE Subsidiary Secures Rs 64 Crore Order for Windmill Tower Manufacturing
DEE Development Engineers Limited's wholly owned subsidiary, M/s DEE Fabricom India Private Limited, has secured a significant order worth approximately Rs 64 Crores. The contract involves the manufacturing of windmill towers for a major solar entity, Ganeko Solar Private Limited.The substantial order relates to supplying fifteen EN156 Envision make 353 MT Windmill Towers designated for use with 3.3MW windmills. The contract places the execution timeline in January 2027.
M/s DEE Fabricom India Private Limited will be manufacturing these towers for Ganeko Solar Private Limited, a domestic entity.
Key details regarding the contract are as follows:
| Detail | Specification |
|---|---|
| Client Entity | Ganeko Solar Private Limited |
| Order Value | Approximately Rs 64 Crores (inclusive of GST) |
| Nature of Goods | Manufacturing of fifteen EN156 Envision make 353 MT Windmill Tower for 3.3MW Windmill |
| Execution Timeline | January 2027 |
| Payment Terms | 25% Advance against a reducing balance, 55% on Material Readiness, and the remaining 20% within 15 days from Invoice |
| Warranty | 24 months from Ex-works readiness |
The deal holds significant value for DEE Development Engineers Limited as it falls under the umbrella of its Wholly Owned Subsidiary. The order is noted to be not a related party transaction, and there is no interest of the promoter or promoter group in Ganeko Solar Private Limited.
DEEDEV Stock Price Movement
Shares of Dee Development Engineers Limited slipped by 3.99% on Monday, settling at ₹677.15 after trading sessions closed. The stock saw a volume of 160,440 shares during the session, reflecting the decline from its previous close.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.
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