DEE Development Engineers Subsidiary Wins ₹64 Cr Windmill Tower Order

Core Announcement – Order Details

Awarding Entity: Not Specified

Domestic/International Order: Domestic Order

Nature of Order/Contract:

Manufacturing of fifteen EN156 Envision make 353 MT Windmill Tower for 3.3MW Windmill

Order Value:

Approximately ₹64 Crores (inclusive of GST)

Materiality Context:

Described as "of substantial value" in the context of the wholly owned subsidiary

Execution Timeline:

January 2027

Revenue Recognition / Billing Structure:

Payment Terms: 25% Advance against a reducing balance ABG, 55% on Material Readiness, 20% within 15 days from Invoice

Key Terms & Payment Milestones:

• Warranty: 24 months from Ex-works readiness
• Payment structure: 25% advance, 55% upon material readiness, 20% within 15 days of invoice

Whether Related Party Transaction:

No (Not applicable as per disclosure)

Promoter Group Involvement:

No (Not applicable as per disclosure)

Financial Implication:

Not Specified