DEE Development Subsidiary Bags ₹64 Crore Windmill Tower Order; Shares Gain

Mumbai, June 23: DEE Development Engineers Ltd said its wholly owned subsidiary, DEE Fabricom India Private Limited, has received an order worth approximately ₹64 crore, including GST, for the supply of windmill towers.

The contract has been awarded by Ganeko Solar Private Limited and involves the manufacturing of 15 EN156-compliant windmill towers with a total steel structure weight of 353 metric tonnes per tower. The towers are intended for 3.3 MW wind turbines, according to the company’s exchange filing.

The order is scheduled to be executed by January 2027. Payment terms include a 25% advance against a reducing balance bank guarantee, 55% on material readiness and the remaining 20% within 15 days of invoicing. The contract also carries a warranty period of 24 months from ex-works readiness.

The company classified the order as being of substantial value for the subsidiary.

Stock Market Snapshot

Investors reacted positively to the announcement in early trade.

As of 09:17 IST on June 23, 2026, shares of DEE Development Engineers were trading at ₹685, up ₹7.85 or 1.16% from the previous close. The DEE Development Engineers share price moved higher after the company disclosed the renewable energy-related order win.

Market participants often track fresh order announcements closely, particularly for engineering and manufacturing companies, as new contracts provide visibility on future revenue streams and production activity.

Renewable Energy Exposure Continues to Expand

While DEE Development Engineers is primarily known for its engineering and process piping capabilities, the latest order reflects its participation in India’s expanding clean energy supply chain.

The contract relates to wind power infrastructure, a segment that continues to attract investment as developers increase renewable generation capacity across the country. Manufacturing windmill towers requires specialised fabrication capabilities, an area where engineering companies with heavy fabrication expertise can leverage existing infrastructure.

The award also highlights the role of subsidiaries such as DEE Fabricom India in diversifying the group’s order book beyond its traditional industrial and energy-related projects.

Company Background

DEE Development Engineers is engaged in engineering, manufacturing and fabrication services catering to sectors including oil and gas, power, process industries and infrastructure. The company supplies specialised process piping systems, pressure components and heavy engineering products through its manufacturing facilities in India and overseas operations.

Over the years, it has expanded its presence across multiple industrial segments while seeking opportunities linked to energy transition and infrastructure development.

Conclusion

The ₹64 crore order from Ganeko Solar adds a renewable energy project to DEE Development Engineers’ order pipeline and provides additional revenue visibility for its subsidiary.

Although modest relative to some large infrastructure contracts, the project reinforces the company’s fabrication capabilities in the wind energy sector and supports its broader diversification efforts. Investors will likely watch for further renewable energy-related order wins as the company continues to expand its presence in emerging industrial opportunities.

Source:

• https://www.nseindia.com/get-quote/equity/DEEDEV/DEE-Development-Engineers-Limited
• https://nsearchives.nseindia.com/corporate/DDEL_23062026070017_BSENSESIGNED.pdf