Deepak Builders & Engineers India Limited has emerged as the L1 bidder for a significant construction project valued at ₹474.25 crore. The project involves the construction of 12 high-rise residential buildings, each with a ground plus 13 floors (G+13), using monolithic construction technology. This development will include associated parking facilities, a sewerage treatment plant, utility infrastructure, roadworks, and other amenities adjacent to the existing Panipat Refinery & Petrochemical Complex Township of Indian Oil Corporation Limited (IOCL) in Haryana.
The company secured this project through the Indian Oil Corporation eProcurement Portal, marking a substantial addition to its portfolio. Upon the award of this project, the total value of projects currently in hand for Deepak Builders will reach approximately ₹2,000 crore.
This strategic win underscores Deepak Builders’ competitive edge in the construction sector, particularly in large-scale infrastructure projects. The use of monolithic construction technology is expected to enhance the efficiency and sustainability of the project, aligning with modern construction practices.
This announcement comes as part of the company’s ongoing efforts to expand its footprint in the Indian construction industry, leveraging its expertise and innovative construction techniques.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).