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DEE Development Order Book Surges to ₹1,913 Cr with ₹754 Cr Fresh Inflow in February
DEE Development Engineers reported a significant expansion in its order book, which reached ₹1,913.16 Crores as of February 28, 2026, up from ₹1,319.91 Crores at the start of the month. The company secured fresh orders worth ₹754.16 Crores during February, primarily driven by a massive ₹535.40 Crore inflow in the domestic Power segment. Additionally, the company is positioned as L1 for further orders worth ₹211 Crores. While legal disputes regarding power tariffs in Punjab continue, the company has secured a stay to maintain billing at the higher rate of ₹7.47 per unit.
Key Highlights
Total order book grew by approximately 45% in February to reach ₹1,913.16 Crores.
Monthly order inflow stood at ₹754.16 Crores, with the Power segment contributing over 70% of new orders.
Cumulative order inflow for FY 2025-26 reached ₹1,713.96 Crores as of February end.
Company holds L1 status for additional pending orders worth ₹211 Crores.
Legal stay obtained from High Court allows continued power supply at ₹7.47/unit vs proposed ₹5.877/unit.
💼 Action for Investors
The robust order book growth provides strong revenue visibility for the next 12-18 months. Investors should track the execution pace and the final resolution of the Punjab power tariff litigation which impacts margins.
DEE Development Engineers Subsidiary Secures INR 20 Crore International Order for Taiwan Project
DEE Development Engineers Limited's material subsidiary in Thailand has secured a Letter of Intent for an international project in Taiwan. The contract involves the prefabrication and supply of HRSG piping and supports, valued at approximately Euro 1.9 million (INR 20 Crores). The project is scheduled for completion by May 2027, providing long-term revenue visibility for the subsidiary. This win strengthens the company's international footprint in the specialized piping segment.
Key Highlights
Order value of approximately Euro 1.9 million, equivalent to INR 20 Crores
Awarded to material subsidiary DEE Piping Systems (Thailand) Co. Ltd
Scope includes prefabrication and supply of piping and supports for a project in Taiwan
Execution timeline set for completion by May 2027
💼 Action for Investors
Investors should view this as a positive development for the company's international order book. Monitor the execution timeline and future order inflows from the Thailand subsidiary to gauge growth momentum.
DEE Development Secures ₹58 Cr First Contract for Upcoming Anjar Seamless Pipe Plant
DEE Development Engineers has secured a ₹58 crore contract for alloy steel seamless pipes, marking the first commercial order for its upcoming Anjar facility in Gujarat. The contract, awarded by a power sector joint venture, is scheduled for completion by December 2026 and represents a strategic move toward backward integration. This facility will allow the company to manufacture high-specification pipes for supercritical power plants, reducing import dependence. The win adds to a strong quarterly order book that includes a recent $40 million international LOI and over ₹170 crore in other domestic and international mandates.
Key Highlights
Secured ₹58 crore contract for alloy steel seamless pipes from a power sector joint venture
First commercial mandate for the upcoming Anjar facility, which is nearing commissioning
Execution timeline for the contract is set for completion by December 2026
Part of a larger order momentum including a recent $40 million international LOI and ₹170 crore in other wins
💼 Action for Investors
Investors should monitor the successful commissioning of the Anjar plant as it marks a significant step in backward integration and margin expansion. The steady flow of high-value orders suggests strong revenue visibility for the next two fiscal years.
DEE Development Secures First Seamless Pipe Orders Worth INR 58 Crores
DEE Development Engineers Limited has secured its first-ever contracts for the supply of alloy steel seamless pipes, totaling INR 58 Crores. These orders will be executed at the company's newly established forged seamless pipe plant in Anjar, Gujarat, validating the recent capacity expansion. The contracts were awarded by a joint venture involving an Indian and a foreign power sector conglomerate. The execution of these orders is expected to be completed by December 2026, providing clear revenue visibility for the segment.
Key Highlights
Secured first-ever contracts worth INR 58 Crores for seamless pipe supply
Orders to be manufactured at the newly established Anjar, Gujarat plant
Awarded by a JV of Indian and foreign power sector conglomerates
Project execution timeline set for completion by December 2026
💼 Action for Investors
This order win is a positive trigger as it validates the commercial viability and technical capability of the new Anjar facility. Investors should track the execution progress and potential for higher-margin orders from this new product line.
DEE Development Engineers Bags $40 Million+ International Order for HRSG Piping
DEE Development Engineers Limited (DEEDEV) has secured a significant Letter of Intent (LoI) from a major US-based international OEM conglomerate in the power sector. The contract involves supplying process piping solutions for 16 units of Heat Recovery Steam Generators (HRSG). The total value of the orders is expected to exceed $40 million (approximately ₹332 crore). This international win from a new customer enhances the company's global footprint and provides revenue visibility through February 2027.
Key Highlights
Secured Letter of Intent for HRSG piping for 16 units from a US-based power sector OEM.
Aggregate order value exceeds $40 million (approximately ₹332 crore).
The contract is with a new international customer, expanding the company's global client base.
The Letter of Intent is valid for execution until February 18, 2027.
💼 Action for Investors
This substantial order win provides strong revenue visibility and validates the company's specialized engineering capabilities. Investors should monitor the conversion of this LoI into firm revenue and its impact on EBITDA margins.
DEE Development Engineers Q3 PAT at ₹18.55 Cr; Revenue Surges 77% YoY
DEE Development Engineers reported a strong financial turnaround in Q3 FY26, posting a net profit of ₹18.55 crore compared to a loss of ₹13.33 crore in the year-ago period. Revenue from operations grew significantly by 76.9% YoY to ₹286.67 crore, driven primarily by the piping division. For the nine-month period ending December 2025, the company's profit surged to ₹49.49 crore from ₹12.12 crore. However, auditors have highlighted an inability to assess impairment for a subsidiary, Malwa Power, which holds assets worth ₹40.35 crore following an expired power purchase agreement.
Key Highlights
Revenue from operations increased 76.9% YoY to ₹286.67 crore in Q3 FY26.
Reported a PAT of ₹18.55 crore in Q3 FY26 against a loss of ₹13.33 crore in Q3 FY25.
Nine-month FY26 PAT surged to ₹49.49 crore, a nearly 4x increase from ₹12.12 crore YoY.
Piping division remains the core driver with Q3 revenue of ₹243.66 crore.
Auditor raised a qualification regarding impairment assessment for Malwa Power (assets of ₹40.35 crore).
💼 Action for Investors
The company shows strong operational growth and a successful turnaround; however, investors should monitor the legal dispute regarding power tariffs and the potential impairment of the Malwa Power subsidiary.
DEE Development Q3 FY26 Revenue Jumps 77% to ₹286.7 Cr; 9M PAT Surges 308% YoY
DEE Development reported a robust performance for Q3 FY26 with revenue growing 77% YoY to ₹286.7 crore, driven by strong execution in its core process piping business. The 9M FY26 PAT saw a massive 308.2% increase to ₹49.5 crore, reflecting improved capacity utilization and operating leverage. While the core business remains highly profitable with an 18.04% adjusted EBITDA margin, the non-core power segment continues to face headwinds due to significant tariff revisions. The company is nearing the completion of its ₹90 crore seamless pipe plant, which is expected to generate ₹450 crore in peak annual revenue.
Key Highlights
Q3 FY26 revenue grew 77% YoY to ₹286.7 crore; 9M FY26 revenue reached ₹780.4 crore.
9M FY26 PAT surged 308.2% YoY to ₹49.5 crore with operating EBITDA margins improving to 15.8%.
Core business EBITDA for 9M FY26 stood at ₹129.8 crore, representing 175.5% YoY growth.
New ₹90 crore seamless pipe plant nearing commissioning with expected peak revenue of ₹450 crore and 30-35% IRR.
Non-core power segment impacted by tariff revision from ₹8.57 to ₹3.5 per unit, leading to monthly losses of ~₹2.5-3 crore.
💼 Action for Investors
Investors should focus on the strong growth in the core piping business and the upcoming commissioning of the high-margin seamless pipe plant. The management's plan to ringfence the loss-making power segment via an InvIT structure is a key monitorable for long-term capital efficiency.
DEE Development Order Book Reaches ₹1,319.91 Cr; L1 Pipeline at ₹391 Cr
DEE Development Engineers reported a closing order book of ₹1,319.91 Crores as of January 31, 2026, reflecting steady growth from the opening balance of ₹1,302.73 Crores. The company secured new order inflows worth ₹92.77 Crores during the month while executing projects valued at ₹75.59 Crores. Furthermore, the company holds L1 status for additional orders worth ₹391 Crores, providing strong revenue visibility for the upcoming quarters. On the regulatory side, the company continues to supply power at a favorable tariff of ₹7.47 per unit due to a High Court stay on a proposed tariff reduction.
Key Highlights
Closing order book as of January 31, 2026, stands at ₹1,319.91 Crores.
Monthly order inflow of ₹92.77 Crores recorded for January 2026.
Identified as L1 bidder for additional contracts worth ₹391 Crores not yet in the order book.
Cumulative order inflow for FY 2025-26 reached ₹959.81 Crores as of January end.
Piping segment for Oil & Gas remains the largest component with a closing book of ₹751.57 Crores.
💼 Action for Investors
Investors should take confidence in the growing order book and the substantial L1 pipeline which suggests continued momentum in the piping and fabrication segments. Monitor the legal proceedings regarding the biomass power tariff in Punjab, as the current favorable rate of ₹7.47 is subject to final court disposal.
DEEDEV Q3FY26: Revenue Jumps 77% YoY to ₹286.7 Cr; EBITDA Surges 666%
DEE Development Engineers reported a stellar Q3FY26 with revenue growing 77% YoY to ₹286.7 Cr, driven by strong execution in the Oil & Gas sector. Operating EBITDA saw a massive jump of 666.4% YoY to ₹43.40 Cr, despite a one-time ₹4.2 Cr hit from new labour code implementation. The company turned profitable with a PAT of ₹18.6 Cr compared to a loss in the previous year. With a robust order book of ₹1,302.73 Cr and the Anjar plant ramping up, the growth outlook remains strong.
Key Highlights
Revenue from operations increased 77% YoY to ₹286.7 Cr in Q3FY26.
Operating EBITDA surged 666.4% YoY to ₹43.40 Cr with margins expanding to 15.2%.
Order book remains strong at ₹1,302.73 Cr as of December 31, 2025.
One-time impact of ₹4.2 Cr due to new labor code adjustments; adjusted 9M EBITDA margin stands at 18.04%.
New order inflows of ₹251 Cr received during the quarter, primarily from the Power sector.
💼 Action for Investors
Investors should focus on the significant margin expansion and strong order book which provide high revenue visibility. The successful ramp-up of the Anjar facility and the upcoming seamless pipe plant commercialization are key catalysts for future growth.
DEE Development Subsidiary Secures Record Rs 90 Crore Order for Windmill Towers
DEE Development Engineers Limited's wholly-owned subsidiary, DEE Fabricom India Private Limited, has secured a significant domestic order worth approximately Rs 90 crore. This contract for the supply of windmill towers marks the highest value order in the history of the subsidiary. The project is scheduled for execution between May 2026 and January 2027. This development highlights the company's growing presence and capability within the renewable energy infrastructure sector.
Key Highlights
Received a domestic order worth approximately Rs 90 Crores for the supply of windmill towers.
The contract represents the highest value order ever received by the subsidiary, DEE Fabricom India.
Execution of the order is slated to begin in May 2026 and conclude by January 2027.
The order strengthens the company's order book and visibility in the wind energy segment.
💼 Action for Investors
Investors should monitor the company's execution capabilities as this record order provides strong revenue visibility for FY27. The diversification into wind energy infrastructure is a positive long-term growth driver.
DEE Development Q3 FY26 Revenue Jumps 77% YoY to ₹286.7 Cr; Core Business Grows 95%
DEE Development Engineers reported a robust Q3 FY26 with consolidated revenue growing 77% YoY to ₹286.7 crore, primarily driven by a 94.7% surge in its core process piping business. The company's 9M FY26 Operating EBITDA stood at ₹123.4 crore (15.8% margin), despite a one-time ₹4.2 crore liability related to new labour codes and a ₹6.4 crore loss in the non-core power segment. With a healthy order book of ₹1,303 crore and 63% of orders coming from exports, the company has strong multi-year revenue visibility. Management is focusing on high-margin segments and backward integration through its upcoming seamless pipe plant.
Key Highlights
Consolidated Q3 FY26 revenue reached ₹286.7 crore, up 77% YoY, with core business contributing ₹274.5 crore.
Order book stands at ₹1,303 crore as of Dec 2025, with ₹829 crore in new orders secured year-to-date.
Core business Operating EBITDA margin expanded to 16.7% in Q3 FY26 from 1.6% in the previous year's quarter.
Anjar Pipe Fabrication Unit is now fully operational, and the Seamless Pipe Plant is on track for commercialization this quarter.
Non-core power generation revenue declined 42.2% YoY to ₹12.14 crore due to ongoing tariff litigation.
💼 Action for Investors
Investors should monitor the successful commissioning of the Anjar Seamless Pipe Plant, which is expected to enhance margins through backward integration. The strong export-heavy order book and leadership in specialized process piping make it a compelling play on the global energy capex cycle.
DEE Development Q3 FY26 Revenue Jumps 77% YoY to ₹286.7 Cr; Order Book at ₹1,303 Cr
DEE Development reported a robust Q3 FY26 with consolidated revenue growing 77% YoY to ₹286.7 crore, driven by an 86.8% surge in its core process piping business. The company's 9M FY26 Net Profit witnessed a massive 308.2% YoY increase to ₹49.5 crore, reflecting strong execution and operating leverage. While the non-core power generation segment saw a 42% revenue decline due to tariff litigations, the core business margins expanded significantly to 16.7%. With a healthy order book of ₹1,303 crore and the upcoming commercialization of the Anjar seamless pipe plant, the company is well-positioned for sustained growth.
Key Highlights
Consolidated Q3 FY26 revenue rose 77% YoY to ₹286.7 crore; 9M FY26 revenue up 44.3% to ₹780.4 crore.
Operating EBITDA for 9M FY26 grew 111.7% YoY to ₹127.6 crore, despite a ₹4.2 crore one-time labor code impact.
Total order book stands at ₹1,303 crore as of December 2025, providing multi-year revenue visibility.
Core business EBITDA margins improved to 16.7% in Q3 FY26 from 1.6% in the previous year's corresponding quarter.
The Anjar Seamless Pipe Plant is scheduled for commercialization in Q4 FY26 to enhance backward integration and margins.
💼 Action for Investors
Investors should monitor the successful commissioning of the seamless pipe plant and the resolution of non-core power segment litigations. The strong order book and leadership in high-barrier process piping make this a compelling play on the industrial capex cycle.
DEE Development Q3 FY26 PAT Surges to ₹18.6 Cr; Revenue Up 77% YoY to ₹286.7 Cr
DEE Development Engineers reported a stellar Q3 FY26 performance with revenue growing 77% YoY to ₹286.7 Cr, driven by strong execution in the piping and fittings segment. Operating EBITDA saw a massive 741% YoY jump to ₹47.6 Cr, with margins expanding significantly to 16.6% from 3.5% in the previous year. The company turned profitable with a PAT of ₹18.6 Cr against a loss of ₹13.3 Cr in Q3 FY25. A robust order book of ₹1,302.73 Cr provides strong visibility for future revenue growth.
Key Highlights
Q3 FY26 Revenue grew 77% YoY to ₹286.7 Cr, supported by strong supplies to the Oil & Gas sector.
Operating EBITDA surged 741% YoY to ₹47.6 Cr, with margins expanding by 1310 bps to 16.6%.
Closing Order Book stands at ₹1,302.73 Cr as of December 31, 2025, with ₹251 Cr new inflows in Q3.
9M FY26 PAT grew by 308.2% YoY to ₹49.5 Cr compared to ₹12.1 Cr in the previous year.
Anjar Pipe Fabrication Unit is fully operational, and the Seamless Pipe Plant is on track for Q4 FY26 commercialization.
💼 Action for Investors
Investors should take note of the significant margin expansion and the ramp-up of the Anjar facility which is driving operating leverage. The strong order book and upcoming capacity additions suggest continued growth momentum, though the litigation in the non-core power segment remains a minor watch point.
DEE Development Q3 PAT Turns Positive at ₹18.55 Cr; Revenue Surges 76% YoY
DEE Development Engineers reported a robust turnaround in Q3 FY26, with consolidated revenue jumping 76.6% YoY to ₹28,606.77 lacs. The company posted a net profit of ₹1,855.42 lacs, a significant recovery from a loss of ₹1,332.68 lacs in the year-ago period. While the core piping division showed strong growth, the power division faced challenges with a segment loss. Investors should note the auditor's observation regarding the lack of impairment assessment for a subsidiary's assets following the expiry of its Power Purchase Agreement.
Key Highlights
Consolidated Revenue from operations increased to ₹28,606.77 lacs in Q3 FY26 from ₹16,200.27 lacs in Q3 FY25.
Net Profit for the quarter stood at ₹1,855.42 lacs against a net loss of ₹1,332.68 lacs in the previous year's corresponding quarter.
Piping division revenue grew to ₹24,365.62 lacs, contributing the bulk of the company's top line.
Auditors highlighted a lack of impairment testing for Malwa Power Private Limited's assets worth ₹4,034.52 lacs following PPA expiry.
Nine-month PAT surged to ₹4,949.21 lacs compared to ₹1,212.36 lacs in the same period last year.
💼 Action for Investors
The strong operational turnaround in the core piping business is a positive signal, but investors should monitor the resolution of the power subsidiary's PPA issues and the sub-judice tariff dispute. Maintain a watch on the impact of the newly implemented Labour Codes which resulted in a ₹421.85 lac exceptional charge.
DEE Development Engineers Reports December 2025 Order Book at ₹1,302.73 Crores
DEE Development Engineers Limited (DEEDEV) reported a closing order book of ₹1,302.73 crores as of December 31, 2025, compared to ₹1,332.53 crores at the start of the month. During December, the company secured new orders worth ₹98.11 crores and executed projects valued at ₹127.91 crores. The company also holds L1 status for additional orders worth ₹46.5 crores, which are expected to be awarded shortly. Legal developments regarding biomass power tariffs remain a key watchpoint, though a High Court stay currently allows billing at a higher rate of ₹7.47 per unit for the India power division.
Key Highlights
Closing order book stands at ₹1,302.73 crores as of December 31, 2025.
New order inflows for December 2025 totaled ₹98.11 crores, with cumulative FY26 inflows at ₹867.04 crores.
Execution during the month was ₹127.91 crores, bringing cumulative FY26 execution to ₹792.92 crores.
Company is L1 for upcoming orders worth ₹46.5 crores from reputed clients.
Oil & Gas segment continues to dominate the order book, contributing over ₹780 crores across India and Thailand operations.
💼 Action for Investors
Investors should focus on the company's ability to maintain a book-to-bill ratio above 1.0 and monitor the final outcome of the PPA tariff litigation which impacts the biomass power segment's profitability.
DEE Development Engineers Appoints Brham Prakash Yadav as CFO; Order Book at ₹1,332.53 Cr
DEE Development Engineers has appointed Brham Prakash Yadav, a veteran with 30 years of experience, as its new Chief Financial Officer. Mr. Yadav joins from Munjal Auto Industries and brings expertise in capital allocation and M&A to support the company's expansion. This leadership change comes as the company reports strong financial momentum, with H1 FY26 revenue growing 30.3% YoY to ₹49,376 lakhs. The company maintains a robust order book of ₹1,332.53 crore as of November 30, 2025, providing strong revenue visibility.
Key Highlights
Mr. Brham Prakash Yadav appointed as CFO, bringing 30+ years of experience from large manufacturing firms
Q2 FY26 Operating Income rose 39.2% YoY to ₹27,000 lakhs with EBITDA margins expanding to 16.3%
Order book stands at a healthy ₹1,332.53 crore as of November 30, 2025
H1 FY26 Revenue from Operations grew by 30.3% year-on-year to ₹49,376 lakhs
💼 Action for Investors
The appointment of an experienced CFO from a larger listed entity suggests a focus on improved governance and capital efficiency. Investors should monitor how the new leadership manages the execution of the ₹1,332.53 crore order book.
DEE Development Engineers Appoints Brham Prakash Yadav as CFO; Sameer Agarwal Resigns
DEE Development Engineers Limited (DEEDEV) has announced a transition in its top financial leadership. Mr. Sameer Agarwal resigned as Chief Financial Officer effective January 5, 2026, to pursue other career plans, explicitly stating no disagreements with the company's financial practices. The board has appointed Mr. Brham Prakash Yadav as the new CFO starting January 7, 2026. Mr. Yadav is a veteran with over 30 years of experience, including a previous CFO role at Munjal Auto Industries and experience managing finance for operations with a turnover of approximately ₹1,500 crore.
Key Highlights
Mr. Sameer Agarwal resigned as CFO and Key Managerial Personnel effective January 5, 2026.
Mr. Brham Prakash Yadav appointed as the new CFO effective January 7, 2026.
The new CFO brings over 30 years of experience in finance, treasury, and M&A, primarily in the manufacturing sector.
Mr. Yadav previously served as AVP-Finance at Hema Engineering, managing a ₹1,500 crore turnover operation.
Outgoing CFO confirmed the resignation is not due to any concerns regarding internal controls or financial reporting.
💼 Action for Investors
Investors should view this as a routine leadership transition given the new CFO's extensive 30-year industry experience. Monitor the next few quarterly results to ensure a smooth transition in financial reporting and internal controls.
DEE Development Engineers Appoints Brham Prakash Yadav as CFO Following Sameer Agarwal's Resignation
DEE Development Engineers Limited has announced a transition in its senior leadership with the resignation of Mr. Sameer Agarwal as Chief Financial Officer, effective January 5, 2026. To ensure continuity, the Board has appointed Mr. Brham Prakash Yadav as the new CFO starting January 7, 2026. Mr. Yadav is a seasoned professional with over 30 years of experience, including a recent role as CFO of Munjal Auto Industries. His extensive background includes managing finance for operations with turnovers of approximately ₹1,500 crore and handling ₹400 crore in private debt funding.
Key Highlights
Mr. Sameer Agarwal resigned as CFO effective January 5, 2026, to pursue future career plans.
Mr. Brham Prakash Yadav appointed as CFO and Key Managerial Personnel effective January 7, 2026.
Incoming CFO has 30+ years of experience in Finance, Treasury, and M&A, previously serving at Munjal Auto Industries.
Mr. Yadav has experience managing finance for manufacturing plants with a turnover of ₹1,500 crore.
The resignation was stated to be personal and not due to any disagreements over financial reporting or internal controls.
💼 Action for Investors
Investors should view this as a standard management transition; the incoming CFO's extensive 30-year experience in the manufacturing sector provides reassurance regarding financial oversight. Monitor the next few quarterly results to ensure a smooth transition in financial reporting and strategy execution.
DEE Development Engineers Appoints Brham Prakash Yadav as CFO Following Sameer Agarwal's Exit
DEE Development Engineers Limited has announced a transition in its top financial leadership. Mr. Sameer Agarwal resigned as Chief Financial Officer effective January 5, 2026, to pursue other career plans, clarifying there were no disagreements with the company. The board has appointed Mr. Brham Prakash Yadav, a veteran with over 30 years of experience, as the new CFO starting January 7, 2026. Mr. Yadav brings significant expertise from his previous role at Munjal Auto Industries and has experience managing financial operations for entities with turnovers up to ₹1,500 crore.
Key Highlights
Mr. Sameer Agarwal resigned as CFO and Key Managerial Personnel effective January 5, 2026.
Mr. Brham Prakash Yadav appointed as the new CFO effective January 7, 2026.
New CFO brings 30+ years of experience in finance, including IPOs, M&A, and treasury management.
Mr. Yadav previously managed finance for operations with a turnover of approximately ₹1,500 crore at Hema Engineering.
Outgoing CFO confirmed no disagreements regarding financial reporting, internal controls, or governance.
💼 Action for Investors
Investors should monitor the transition to ensure continuity in financial reporting and strategic execution. The new CFO's extensive experience in the manufacturing and automotive sectors is a positive sign for the company's operational scaling.
DEE Development Engineers Order Book Grows to ₹1,332.53 Cr in November 2025
DEE Development Engineers reported a closing order book of ₹1,332.53 Crores as of November 30, 2025, reflecting steady growth from the opening balance of ₹1,317.61 Crores. The company secured fresh order inflows worth ₹121.42 Crores during the month while executing projects valued at ₹106.49 Crores. The Oil & Gas segment continues to be the primary driver, representing approximately 64% of the total order book. Furthermore, a favorable High Court stay on power tariff revisions allows the company to maintain higher billing rates for its biomass power division, supporting margins.
Key Highlights
Total closing order book reached ₹1,332.53 Crores as of November 30, 2025.
Monthly order inflow stood at ₹121.42 Crores, outpacing the execution of ₹106.49 Crores.
Oil & Gas piping segment remains the largest contributor with a combined India and Thailand book of ₹856.19 Crores.
Cumulative order inflow for FY 2025-26 has reached ₹768.93 Crores as of November end.
Company continues to bill biomass power at ₹7.47 per unit following a High Court stay on lower tariff orders.
💼 Action for Investors
Investors should view the growing order book and favorable legal status on power tariffs as positive indicators for revenue visibility and margin protection. Monitor the execution-to-billing conversion and the final outcome of the tariff litigation in the Punjab & Haryana High Court.