Order Book Performance (Amounts in ₹ Crore)

Opening Position (1st October 2026)

Total opening order book: ₹2,531.04 crore

October 2026 Activity

  • Order inflow during October: ₹148.41 crore (including amendments/currency fluctuations)
  • Orders executed during October: ₹93.02 crore

Closing Position (31st October 2026)

Total closing order book: ₹2,586.43 crore

Segment-wise Breakdown

Pipings - DEE India

  • Power segment: Opening ₹1,287.90 cr, Inflow ₹40.35 cr, Executed ₹23.78 cr, Closing ₹1,304.47 cr
  • Oil & Gas segment: Opening ₹870.39 cr, Inflow ₹43.82 cr, Executed ₹24.25 cr, Closing ₹889.95 cr
  • Others segment: Opening ₹12.86 cr, Inflow ₹2.53 cr, Executed ₹0.78 cr, Closing ₹14.62 cr

Pipings - DEE Thailand

  • Power segment: Opening ₹187.79 cr, Inflow ₹1.92 cr, Executed ₹25.64 cr, Closing ₹164.07 cr
  • Oil & Gas segment: Opening ₹0.17 cr, Executed ₹0.17 cr, Closing ₹0.00 cr

Heavy Fabrication - DEE Fabricom India

  • Power segment: Opening ₹167.85 cr, Inflow ₹54.54 cr, Executed ₹13.44 cr, Closing ₹208.94 cr

Gas Plants - Molsieve Designs Ltd

  • Others segment: Opening ₹4.09 cr, Inflow ₹0.40 cr, Executed ₹0.11 cr, Closing ₹4.38 cr

Power Division

  • DEE India: Inflow ₹3.52 cr, Executed ₹3.52 cr
  • Malwa Power: Power generation unit - Inflow ₹0.55 cr, Executed ₹0.55 cr; Pellet unit - Inflow ₹0.77 cr, Executed ₹0.77 cr

FY 2026-27 Cumulative Performance (as of 31st October 2026)

  • Cumulative order inflow: ₹1,327.06 crore (including amendments/currency fluctuations)
  • Cumulative order inflow: ₹1,348.52 crore
  • Cumulative order executed: ₹684.54 crore

Regulatory Tariff Updates

Malwa Power Private Limited

  • PSERC interim order revised tariff to ₹3.50/unit after PPA expiry on 26 April 2025
  • PSERC final order dated 27 March 2026 fixed FY 2025-26 tariff at ₹5.224/kWh (₹0.97 fixed + ₹4.254 variable)
  • Annual escalation of 5% on variable cost applied
  • FY 2026-27 tariff rate: ₹5.437 per kWh
  • Company filed appeal before APTEL, New Delhi challenging PSERC order
  • Projected FY27 revenue: ~₹47.71 crores (includes ₹23.4 crores from pellet plant)

DEE Development Engineers Limited (Power Division)

  • PSERC revised tariff to ₹5.877 per unit vide order dated 20 August 2025
  • Company filed appeal before Punjab & Haryana High Court
  • High Court stay order dated 23 October 2025:
  • Company continues supplying electricity to PSPCL at prevailing tariff of ₹7.47 per unit
  • Any recovery claimed by PSPCL for tariff differential withheld until final disposal

Accounting Treatment Clarification

  • Total orders executed represents aggregate invoices raised on customers
  • Revenue recognition under Ind AS 115 may differ from invoiced amounts due to:
  • Application of various Incoterms
  • Performance obligations under respective contracts
  • Alignment with transfer of control of goods/services
  • Revenue recognized may be lower than total invoiced value for the same period

Exchange Rate Information

  • Existing export orders of DEE Thailand considered at exchange rate: 1 THB = 2.82135 INR