DEE Development Engineers Strengthens Growth Platform With ₹300 Crore Capital Raise
New Delhi, July 15, 2026: DEE Development Engineers Limited, a leading engineering company providing customized process piping solutions, has successfully completed a ₹300 crore preferential allotment. The capital raise was executed through the issuance of 59.76 lakh equity shares at ₹502 per share to a diversified group of marquee institutional investors, alternative investment funds, and strategic investors. The fresh capital infusion further strengthens the company’s balance sheet and provides additional financial flexibility to support its next phase of growth across its engineering and manufacturing businesses, DEE Development Engineers said in a press release.
The preferential issue witnessed strong participation from a diversified set of domestic and global institutional investors. Prominent participants included funds managed by WhiteOak Capital, Kotak Mahindra Trustee Company, ValueQuest, and 360 ONE, alongside other long-term strategic investors. This substantial capital raise comes at a time when the company continues to witness robust business momentum across its operational segments.
As of June 30, 2026, the company’s closing order book stood at a strong ₹2,428.20 crore, while cumulative order inflows for the current financial year (FY27) have already reached ₹780.87 crore. This provides healthy revenue visibility across both its domestic and international operations. Recent notable milestones contributing to this growth include a ₹386.83 crore mandate from Bharat Petroleum Corporation Limited (BPCL) for a piping contract, and a ₹64 crore windmill tower manufacturing order secured through DEE Fabricom, highlighting a healthy execution pipeline across the power, oil and gas, renewable energy, and industrial infrastructure sectors.
The capital raise follows a year of exceptional operational and financial performance for the company. During the 2025-26 fiscal year (FY26), the engineering firm reported a total revenue of ₹1,142 crore, marking a 38% increase year-on-year. Furthermore, its Operating EBITDA rose 54% year-on-year to ₹191 crore, while Profit After Tax surged by 77% year-on-year to reach ₹77 crore. Together with its recent contract wins and ongoing international expansion, these developments reinforce the company’s position as one of India’s leading engineering and manufacturing players serving the power, oil and gas, industrial, and clean energy sectors.
Commenting on the development, K. L. Bansal, Chairman and Managing Director, DEE Development Engineers Limited, said: “The successful completion of this capital raise reflects the confidence that long-term investors have in DEE’s growth strategy, execution capabilities and market positioning. As we continue to strengthen our manufacturing footprint and expand into high-value engineering segments, this additional capital provides us with greater flexibility to pursue the next phase of growth. Our healthy order book, diversified customer base and continued momentum across domestic and international markets provide a strong foundation for sustained execution. We remain focused on creating long-term value through disciplined capital allocation, operational excellence and strategic investments.”
