DEE Development Engineers Raises INR 300 Crore, Order Book Stands at INR 2,428 Crore

DEE Development Engineers Ltd. has raised INR 300 crore through a preferential allotment of equity shares to institutional and strategic investors, strengthening its financial position to support future growth across its engineering and manufacturing businesses.

The company allotted 59.76 lakh equity shares at INR 502 per share to a diversified group of domestic and global investors, including funds managed by WhiteOak Capital, Kotak Mahindra Trustee Company, ValueQuest, 360 ONE and other long term investors.

As of June 30, 2026, DEE's order book stood at INR 2,428.20 crore, while cumulative order inflows for FY27 reached INR 780.87 crore, providing strong revenue visibility across its domestic and international operations.

Commenting on the development, K. L. Bansal, Chairman and Managing Director of DEE Development Engineers, said the successful capital raise reflects investors' confidence in the company's growth strategy, execution capabilities and market position. He added that the fresh capital will provide greater financial flexibility as the company expands its manufacturing footprint and enters high value engineering segments.

DEE reported strong financial performance in FY26, with revenue rising 38 percent year on year to INR 1,142 crore. Operating EBITDA increased 54 percent to INR 191 crore, while profit after tax grew 77 percent to INR 77 crore.

The company has also secured several major orders, including a INR 386.83 crore piping contract from Bharat Petroleum Corporation Ltd. and a INR 64 crore windmill tower manufacturing order through its subsidiary, DEE Fabricom. These projects add to its execution pipeline across the power, oil and gas, renewable energy and industrial infrastructure sectors.

DEE Development Engineers provides customised process piping solutions and manufactures piping products and engineering components for industries including power, oil and gas, chemicals and clean energy.