DEE Development Engineers Limited (DEEDEV) on Monday announced an update on its order book for September 2025, revealing fresh order inflows worth Rs 63.17 crore during the month. The company executed projects worth Rs 89.17 crore in the same period, bringing its closing order book to Rs 1,308.09 crore as of September 30, 2025.
According to the filing, the cumulative order inflow for FY25 so far stands at Rs 598.04 crore, with executed orders totaling Rs 518.11 crore.
Segment-wise performance
- Piping business (India): The company’s core piping division recorded an inflow of Rs 23.82 crore and executed orders worth Rs 15.58 crore, maintaining an order book of Rs 351.24 crore.
- Oil & Gas: The largest contributor, this segment added Rs 33.05 crore in new orders and executed Rs 56.86 crore worth of work, closing at Rs 887.15 crore.
- Thailand operations: The DEE Thailand unit reported a marginal currency-linked dip in the power segment but continued stable execution, closing with Rs 28.02 crore in orders.
- Heavy fabrication: Orders worth Rs 3.35 crore were executed, bringing this vertical’s order book to Rs 19.55 crore.
Regulatory and tariff updates
The company also noted key developments in its biomass power generation segment. The Punjab State Electricity Regulatory Commission (PSERC) extended the Malwa Power Private Limited PPA by 10 years on September 18, with a hearing scheduled for November 6, 2025, to finalize tariff rates.
Separately, DEEDEV’s High Court appeal resulted in a stay order against PSERC’s previous tariff reduction to Rs 5.877 per unit. The company will continue supplying power to PSPCL at the prevailing rate of Rs 7.47 per unit, while any recovery claims by PSPCL will remain withheld pending final judgment.
The management reaffirmed that these updates reflect DEE Development Engineers’ strong execution capabilities and diversified order book across power, oil & gas, and fabrication segments.
