DEE DEV: SEPTEMBER ORDER INFLOW ₹225.17 CRORE

DEE DEV: SEPTEMBER ORDER INFLOW ₹225.17 CRORE; ORDER BOOK RISES TO ₹2,531 CRORE

• DEE Development Engineers’ order book increased from ₹2,435.61 crore as of September 1, 2026, to ₹2,531.04 crore as of September 30, 2026. • September 2026 order inflow stood at ₹225.17 crore, while execution during the month was ₹129.74 crore. • FY27 cumulative order inflow reached ₹1,178.65 crore, with cumulative execution at ₹591.52 crore as of September 30, 2026. • For Malwa Power, FY27 tariff has been fixed at ₹5.437/kWh following the PSERC order. The company has appealed against the order before APTEL. • Malwa Power’s FY27 projected revenue is around ₹47.71 crore, including approximately ₹23.4 crore from the pellet plant. • In the DEE Power Division, PSERC revised the tariff to ₹5.877/unit, but the order has been stayed by the High Court. The company continues supplying power to PSPCL at ₹7.47/unit, while differential recovery remains withheld. Impact: Positive — Strong September order inflow and a ₹2,531 crore order book provide healthy revenue visibility, although the ongoing tariff disputes and recovery of differential amounts remain key monitorables.