DEE Development Engineers closes order at ₹1,274.58 crore in April 2025

The company recorded an execution amounting to ₹51.95 crore with significant contributions coming from the oil and gas and power sectors, both domestically and via international operations including DEE Thailand.

DEE Development Engineers Limited reported a robust order book with INR 98.36 crore inflow at Group level, closing at INR 1,274.58 crore as of 30th April 2025. The company recorded an execution amounting to ₹51.95 crore, with significant contributions coming from the oil and gas and power sectors, both domestically and via international operations, including DEE Thailand. Notably, the oil and gas segment remained the largest contributor, with a closing order book of ₹938.53 crore.

Commenting on this progress, Krishan Lalit Bansal, Chairman and Managing Director, shared, “Despite broader market challenges, we remain committed to delivering high-quality engineering solutions across the energy, oil and gas, and industrial sectors. We will continue to uphold this standard, reflecting the trust our clients place in us and our ability to execute complex projects reliably. As we expand our global footprint and strengthen our core offerings, our focus remains on building long-term value for our stakeholders while supporting the growth of the industry.”

There is a Power Purchase Agreement (PPA) in place with Punjab Discom for our Biomass Power Generation business. The average billing for the preceding two fiscal years has been ₹80 crore per year. The Punjab State Electricity Regulatory Commission has passed an interim Order revising the tariff of Malwa Power Private Limited for a fixed tariff of Rs. 3.50 per unit as the PPA has expired on 26.04.2025, however, this rate will be revised shortly by a final Order. For ease of understanding, we have considered the order inflow and execution amount to be the same for this period.

With a strong order pipeline, diversified client base, and expanding international operations, DEE Development Engineers Limited remains well-positioned to drive sustained growth and value creation in the coming quarters.