DEE Development Engineers Limited, a Faridabad-based process piping solutions provider, has secured an order worth approximately Rs 64 crore, inclusive of GST, from Ganeko Solar Private Limited for the supply of windmill towers.
The company informed stock exchanges on June 23, 2026 that it bagged the order through its wholly owned subsidiary, DEE Fabricom India Private Limited.
DEE Development Engineers Limited: Order details
The order involves manufacturing fifteen EN156 Envision to make 353 MT windmill towers for 3.3 MW windmills. The order is to be executed by January 2027.
DEE Development traces its roots to 1988, when it was incorporated as DE Development Engineers Private Limited, before converting into a public limited company in 2010. The company specialises in process piping solutions for oil and gas, nuclear power, chemicals and other process industries, offering engineering, procurement and manufacturing services.
Payment terms and warranty
As per the filing, payment terms include 25% advance against a reducing balance ABG, 55% on material readiness, and the remaining 20% within 15 days from invoice. The order carries a warranty of 24 months from ex-works readiness.
The company operates six manufacturing facilities across Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan and Bangkok in Thailand, and also runs two biomass power plants in Punjab with a combined capacity of 14 MW.
The company clarified that the order does not fall within related party transactions and that promoter or promoter group entities have no interest in Ganeko Solar Private Limited.
Recent corporate moves
DEE Development raised Rs 418 crore through a public issue in June 2024 and acquired Molsieve Designs Limited in FY25, besides expanding capacity at its Anjar facility from 6,000 MT to 15,000 MT. It also commenced operations at a new plant in Numaligarh, Assam, to manufacture piping spools and pipe supports.
Stock performance
Shares of DEE Development Engineers closed at Rs 684 on Monday down 2.71% on the day. The stock has gained 218.17% over the past six months and 138.2% over the past year, against a 52-week range of Rs 183 to Rs 760.
The company’s market capitalisation stood at Rs 4,737.59 crore, with a price-to-earnings ratio of 60.83 and a price-to-book ratio of 5.32.
