DEE Development Engineers Ltd's wholly-owned subsidiary, DEE Fabricom India Private Ltd, has secured a significant contract worth ₹64 crore (inclusive of GST) for windmill tower supply. According to reports from The Hindu BusinessLine and Business Standard, the order has been awarded by Ganeko Solar Private Ltd, a domestic entity. The contract involves manufacturing 15 EN156 Envision make 353 MT windmill towers for 3.3 MW windmills, with execution scheduled for completion by January 2027. The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The contract includes structured payment terms across three tranches: 25 per cent advance against a reducing balance bank guarantee, 55 per cent on material readiness, and the remaining 20 per cent within 15 days of invoice. As reported by The Hindu BusinessLine and Business Standard, the warranty period is 24 months from ex-works readiness. The company confirmed that neither the promoters nor the promoter group has any interest in Ganeko Solar Private Ltd, and the transaction does not fall under related party transactions.
Despite the contract win, DEE Development Engineers shares faced selling pressure on Tuesday, falling 1.90 per cent to ₹650 on the BSE against a previous close of ₹677.15. According to Business Standard, the stock touched an intraday high of ₹690 and a low of ₹647, with sell-side pressure dominating as 81.82 per cent of the total traded quantity was on the sell side. Total traded volume stood at approximately 0.26 lakh shares with a traded value of ₹1.73 crore. The counter slipped 1.90% to ₹650 on the BSE, reflecting investor sentiment despite the positive contract announcement.
DEE Development Engineers (DDEL) is an engineering company providing specialized process piping solutions for industries such as oil and gas, power industries, process industries, and chemicals through engineering, procurement, and manufacturing services. As reported by Business Standard, the company had reported a 11.11% year-on-year drop in consolidated net profit to ₹28.01 crore, despite a 26.26% rise in revenue from operations to ₹361.57 crore in Q4 FY26 over Q4 FY25. Despite Tuesday's decline, DEE Development Engineers has delivered strong returns over the past year, rising over 106 per cent and surging more than 216 per cent year-to-date. The stock's 52-week high of ₹760 was recorded on June 18, 2026, with total market capitalisation standing at approximately ₹4,585 crore.
