Order Win
DEE Development Engineers’ Subsidiary Secures ₹64 Crore Windmill Tower Supply Order from Ganeko Solar
NSE
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BSE
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DEE Development Engineers Limited informed exchanges that its wholly owned subsidiary, DEE Fabricom India Private Limited, has received a windmill tower supply order worth approximately ₹64 crore (inclusive of GST) from Ganeko Solar Private Limited. The contract involves manufacturing fifteen EN156 Envision Make 353 MW windmill towers for 3.3 MW wind turbines, with execution targeted by January 2027.
PRICE-SENSITIVE TRIGGER
Event: Receipt of Windmill Tower Supply Order
Type: Order Win
Impact: Positive
Immediate Effect: The order strengthens the company’s renewable energy sector presence and adds approximately ₹64 crore to its order book through its wholly owned subsidiary.
Key Metrics:
- Order Value: Approximately ₹64 crore (inclusive of GST)
- Customer: Ganeko Solar Private Limited
- Number of Towers: 15 Windmill Towers
- Turbine Capacity: 3.3 MW per Windmill
- Execution Timeline: By January 2027
- Advance Payment: 25% against reducing balance ABG
- Material Readiness Payment: 55%
- Invoice Payment: 20% within 15 days of invoice
Highlight:
- Order Size: DEE Fabricom India Private Limited secured a renewable energy infrastructure order worth approximately ₹64 crore for manufacturing and supplying 15 windmill towers.
What Happened ?
DEE Development Engineers Limited announced that its wholly owned subsidiary, DEE Fabricom India Private Limited, has received a significant domestic order from Ganeko Solar Private Limited. The contract involves manufacturing fifteen EN156 Envision Make 353 MW windmill towers designed for 3.3 MW wind turbines. The company stated that the order is of substantial value and is scheduled for execution by January 2027.
Key Details
Contract Scope and Commercial Terms:
- Order awarded by Ganeko Solar Private Limited.
- Contract received by wholly owned subsidiary DEE Fabricom India Private Limited.
- Scope includes manufacturing of fifteen EN156 Envision Make 353 MW windmill towers.
- Towers are intended for 3.3 MW wind turbine installations.
- Contract value stands at approximately ₹64 crore inclusive of GST.
- Execution deadline is January 2027.
- Payment structure includes 25% advance against reducing balance ABG, 55% upon material readiness, and 20% within 15 days of invoice.
- Warranty coverage extends for 24 months from ex-works readiness.
- Order has been awarded by a domestic entity.
- No promoter group interest or related-party involvement exists in the transaction.
Note:
- The order reflects continued demand from the renewable energy sector and supports the company’s participation in India’s wind power infrastructure development value chain.
Risk Analysis
Summary:
- While the order provides revenue visibility and strengthens the renewable energy order pipeline, execution remains dependent on manufacturing schedules, project timelines, and customer-specific requirements.
Key Risks:
- Timely manufacturing and delivery will be critical to revenue realization.
- Any delay in project execution could affect order completion schedules.
- Renewable energy projects remain subject to industry and regulatory timelines.
- Revenue recognition will occur progressively based on project execution milestones.
Worst Case:
- Delays in manufacturing, logistics, or project implementation could postpone revenue realization and affect execution timelines beyond January 2027.
Risk Level: Low
Company Commentary
- DEE Fabricom India Private Limited has received a windmill tower supply order valued at approximately ₹64 crore.
- The order has been awarded by Ganeko Solar Private Limited.
- The contract involves manufacturing fifteen windmill towers for 3.3 MW wind turbines.
- The order is scheduled for execution by January 2027.
- The transaction is not a related-party transaction and involves no promoter group interest.
Official Exchange Filing: DEE Development Engineers Limited
