DEE Development Engineers Ltd bags Rs 387 crore contract from Bharat Petroleum

New Delhi: Engineering firm DDEL on Monday said it has bagged a Rs 386.83 crore contract from state-owned Bharat Petroleum Corporation Ltd (BPCL).

The order, one of the largest domestic mandates secured by the company in recent quarters, is expected to be executed through February 2028 and provides long-term revenue visibility.

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DEE Development Engineers Ltd (DDEL) recorded order inflows of Rs 631.91 crore during May, including amendments/currency fluctuations, while execution during the month stood at Rs 107.83 crore, a company statement said.

With this, DEE's cumulative order inflow for 2026-27 reached Rs 681.85 crore as of May 31, 2026, providing strong execution visibility across its domestic operations and international subsidiaries.

The order book growth was led by significant additions in both the power and oil and gas segments, which continue to be the company's core business verticals.

"Our recent order wins, including the BPCL mandate and other strategic projects secured over the past few months, have strengthened our execution pipeline considerably.

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"Supported by a healthy order book of over Rs 2,400 crore, we remain well-positioned to deliver sustained growth while continuing to expand our participation in high-value opportunities across domestic and international markets," K L Bansal, Chairman and Managing Director, DEE Development Engineers Ltd, said.