DEE Development Engineers Limited has strengthened its growth plans by raising ₹300 crore through a preferential allotment of equity shares. The company issued 59.76 lakh equity shares at ₹502 per share to a group of leading institutional and strategic investors, giving it additional financial strength to support future expansion across its engineering and manufacturing businesses.
The fundraising attracted participation from several well-known domestic and global investors, including funds managed by WhiteOak Capital, Kotak Mahindra Trustee Company, ValueQuest, 360 ONE and other long-term investors.The fresh capital comes at a time when the company continues to maintain a strong order pipeline. As of June 30, 2026, DEE Development Engineers had an order book worth ₹2,428.20 crore. During the first quarter of FY27, it secured fresh orders worth ₹780.87 crore, providing strong business visibility for the coming months.
The company recently received a ₹386.83 crore process piping contract from Bharat Petroleum Corporation Limited (BPCL). It also secured a ₹64 crore order for manufacturing windmill towers through its subsidiary, DEE Fabricom. These projects have further strengthened its presence in the power, oil and gas, renewable energy and industrial infrastructure sectors.
Chairman and Managing Director KL Bansal said the successful capital raise reflects the confidence investors have in the company’s long-term growth plans and execution capabilities. He added that the additional funds will help expand manufacturing capacity, strengthen operations and support growth in new engineering segments.
He said the company’s strong order book, diversified customer base and business across domestic and international markets provide a solid foundation for future growth. The company will continue to focus on disciplined investments, efficient execution and creating long-term value for its stakeholders.
DEE Development Engineers also delivered strong financial performance during FY26. Revenue increased 38 percent year-on-year to ₹1,142 crore. Operating EBITDA rose 54 percent to ₹191 crore, while profit after tax grew 77 percent to ₹77 crore. With a healthy balance sheet, a growing order book and fresh capital in hand, the company is well placed to execute large engineering projects and expand its presence in India’s fast-growing infrastructure, energy and industrial sectors.
DEE Development Engineers provides specialized process piping solutions for industries including oil & gas, power, chemicals, and infrastructure. The company manufactures a wide range of engineered products such as piping spools, pressure vessels, industrial fittings, modular skids, induction bends, and customized fabricated components across multiple grades of specialized metals.
