Shares of DEE Development Engineers Limited hit the upper circuit on 8 June, jumping 5% to a day high of Rs 704.70 on NSE after the company disclosed fresh order inflows of Rs 631.91 crore for May 2026.

That single month’s haul pushed the total order book to Rs 2,433.90 crore as of 31 May, up from Rs 1,909.82 crore at the start of the month. 

In an exchange filing, the Palwal-based piping manufacturer also revealed it executed orders worth Rs 107.83 crore during May, keeping delivery momentum steady alongside the new wins.

Oil and gas was the standout performer. That segment alone pulled in Rs 358.49 crore of fresh orders during the month, closing May with an order book of Rs 881.18 crore. 

The power segment was not far behind, adding Rs 274.79 crore to finish at Rs 1,251.42 crore. 

Overseas, DEE Thailand secured Rs 3.22 crore in power sector orders, taking its book to Rs 184.76 crore, while heavy fabrication arm DEE Fabricom India added Rs 2.84 crore in the power space.

For context on how quickly the business has moved this year: in FY27 up to 31 May, the company has already recorded cumulative order inflows of Rs 681.85 crore and executed Rs 177.51 crore worth of work. 

This follows a Rs 386.83 crore order the firm bagged from Bharat Petroleum Corporation Limited on 1 June for manufacturing and supply of piping systems, with delivery due by February 2028.

It’s trading at Rs 704.70 on NSE at the time of writing, locked at the 5% upper circuit. The shares of Dee Development has more than doubled from its 52-week low of Rs 183.00, recorded in January 2026.

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