These include entities managed by WhiteOak Capital, Kotak Mahindra Trustee Company, ValueQuest and 360 ONE, alongside other long-term investors.
The company said its order book stood at ₹2,428.20 crore as on 30 June, with cumulative order inflows for FY27 reaching ₹780.87 crore. This, it said, offered healthy revenue visibility across its domestic and international operations.
The order book remains diversified across verticals, with power contributing ₹1,219.03 crore, oil & gas ₹854.76 crore, and heavy fabrication ₹167.15 crore to the closing total.
The company recorded order inflows of ₹99.02 crore against executed orders worth ₹104.72 crore. Beyond the confirmed order book, DEE Development Engineers is the lowest bidder (L1) for additional orders worth ₹12 crore, with formal purchase orders expected shortly.
The company’s Malwa Power plant is projected to generate revenue of around ₹47.71 crore for FY27, including contributions from a pellet unit.
The company continues to supply electricity to Punjab State Power Corporation Limited (PSPCL) at ₹7.47 per unit, following a stay order from the Punjab & Haryana High Court, amid an ongoing tariff revision appeal.
The company operates two biomass power plants in Punjab. The 8 MW Abohar Biomass Power Plant, spread across roughly 205,681 sq m, runs under a 30-year power purchase agreement (PPA) with PSPCL that began on 5 February 2009.
The 6 MW Muktsar Biomass Power Plant, operated by subsidiary MPPL and spread across roughly 141,830 sq m, functioned under a 20-year PPA with the Punjab State Electricity Board that began on 27 April 2005 and expired in April 2025, leading to ongoing tariff revisions.
Both plants are authorised by PSPCL to connect and run in parallel with the state’s power grid, keeping them integrated into Punjab’s transmission network.
