DEE Development Engineers Ltd

The order has been awarded by a domestic entity, a joint venture between an Indian conglomerate and a foreign power sector major. The name of the customer has not been disclosed due to commercial considerations. The contract, valued at Rs 58 crore, is scheduled to be executed by December 2026, the company said in a regulatory filing. This is the maiden order for seamless pipes to be manufactured at the company's new facility in Anjar, Gujarat, signalling the commencement of commercial operations at the plant. The company clarified that neither the promoter nor the promoter group has any interest in the entity awarding the contract. It also stated that the order does not fall under related party transactions. DEE Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), process industries, and chemicals through engineering, procurement, and manufacturing services. The company reported a consolidated net profit of Rs 18.28 crore in Q3 FY26 compared with a net loss of Rs 13.33 crore in Q3 FY25. Net sales increased 77% YoY to Rs 298.67 crore in Q3 FY26. Powered by Capital Market - Live

DEE Development Engineers has secured first ever contracts for supply of seamless pipes which will be manufactured in its newly established forged seamless pipe plant situated at Anjar, Gujarat. The value of the contracts is Rs 58 crore. Powered by Capital Market - Live

The company has received domestic contracts worth around Rs 88 crore on a job work basis, including a letter of intent (LoI) from Bharat Heavy Electricals (BHEL) for the manufacturing and supply of critical piping solutions, including headers and vessels. The orders are to be executed within one year. Further, the company secured additional domestic contracts aggregating over Rs 42 crore from a joint venture between an Indian and a foreign power sector conglomerate (name undisclosed due to commercial reasons) for the manufacturing and supply of critical piping solutions on a job work basis, to be delivered within one year. Its material subsidiary, DEE Piping Systems (Thailand) Co., has bagged international orders worth approximately US$ 9.5 million from a US-based OEM in the power sector. The contract includes manufacturing of HRSG piping for 11 units on a job work basis (US$ 8 million), to be delivered by December 2028, and pipe fittings and flanges for seven units on a material basis (US$ 1.5 million), to be delivered by December 2027. The promoter group has no interest in the awarding entity, and the transactions are not related party transactions. DEE Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), process industries, and chemicals through engineering, procurement, and manufacturing services. The company reported a consolidated net profit of Rs 18.28 crore in Q3 FY26 compared with a net loss of Rs 13.33 crore in Q3 FY25. Net sales increased 77% YoY to Rs 298.67 crore in Q3 FY26.Powered by Capital Market - Live

DEE Development Engineers and its material subsidiary have secures contracts aggregating to Rs 173 crore. Powered by Capital Market - Live

Under the agreement, the company will supply 16 HRSG Pipes to one largest international OEM conglomerate in power sector, headquarters in the US. However, due to commercial confidentiality, the name of customer has not been disclosed. The aggregate value of the order will be more than $40 million and the LoI will remain valid till 18 February 2027. DEE Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), process industries, and chemicals through engineering, procurement, and manufacturing services. The company reported consolidated net profit of Rs 18.28 crore in Q3 FY26 compared with net loss of Rs 13.33 crore in Q3 FY25. Net sales increased 77% YoY to Rs 298.67 crore in Q3 FY26.Powered by Capital Market - Live

DEE Development Engineers has received a letter of intent for supply of HRSG piping for 16 units from one of the largest international OEM Conglomerate in Power Sector with headquarters in the US. The value of the order will be more than USD 40 million. Powered by Capital Market - Live

The project is scheduled for execution from May 2026 to January 2027. DEE Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), process industries, and chemicals through engineering, procurement, and manufacturing services. The company reported a 20.1% year-on-year drop in consolidated net profit to Rs 17.80 crore, despite a 39.1% rise in revenue from operations to Rs 270 crore in Q2 FY26 over Q2 FY25. Shares of DEE Development Engineers rose 1.89% to close at Rs 212.80 on the BSE.Powered by Capital Market - Live

Net profit of DEE Development Engineers reported to Rs 18.28 crore in the quarter ended December 2025 as against net loss of Rs 13.33 crore during the previous quarter ended December 2024. Sales rose 76.96% to Rs 286.67 crore in the quarter ended December 2025 as against Rs 162.00 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales286.67162.00 77 OPM %16.623.49 - PBDT38.19-5.13 LP PBT24.47-17.48 LP NP18.28-13.33 LP Powered by Capital Market - Live

Dee Development Engineers will hold a meeting of the Board of Directors of the Company on 3 February 2026.Powered by Capital Market - Live

The company said its total order book stood at Rs 1,302.73 crore as of 31 December 2025, compared with Rs 1,332.53 crore at the beginning of the month. Order inflows during December came in at Rs 98.11 crore, while execution during the month aggregated Rs 127.91 crore. The piping segment remained the largest contributor. Orders in the power sector under DEE India increased to Rs 416.56 crore by end-December, supported by fresh inflows of Rs 45.37 crore during the month. The oil and gas piping order book stood at Rs 766.19 crore after execution of Rs 66.48 crore. DEE Thailand reported a closing order book of Rs 73.62 crore across power and oil and gas segments, aided by inflows of Rs 38.68 crore during the month. In heavy fabrication, the order book for DEE Fabricom India stood at Rs 40.54 crore at the end of December. Cumulative order inflows for FY26 up to December 31 were reported at Rs 867.04 crore, while cumulative execution for the same period stood at Rs 792.92 crore. The company also said it is the lowest bidder for additional orders worth about Rs 46.5 crore, for which formal purchase orders are expected to be awarded shortly, providing further visibility to the order pipeline. Separately, the company said it appointed Brham Prakash Yadav as chief financial officer with effect from January 2026. Yadav brings over 30 years of experience across finance and operations in large, multi-plant manufacturing companies. A Chartered Accountant and Cost Accountant, he is known for strengthening governance, capital allocation and performance in listed company setups. DEE Development Engineers is the largest player in process piping solutions in India in terms of installed capacity. It is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), process industries, and chemicals through engineering, procurement, and manufacturing services. The company reported a 20.1% year-on-year drop in consolidated net profit to Rs 17.80 crore, despite a 39.1% rise in revenue from operations to Rs 270 crore in Q2 FY26 over Q2 FY25. Powered by Capital Market - Live