Deepak Builders & Engineers India Limited has secured the lowest bidder status for a significant residential project valued at ₹474.25 crore at the Indian Oil Corporation Limited‘s Panipat Refinery Township. The project involves constructing 12 high-rise residential buildings using advanced monolithic construction technology, alongside developing parking facilities, a sewerage treatment plant, utility infrastructure, internal roadworks, and associated amenities.
The company received confirmation of its L1 status through the IOCL eProcurement portal. Upon formal award, Deepak Builders’ total order book is expected to reach approximately ₹32,000 crore, enhancing its revenue visibility significantly. This development underscores the company’s strong positioning in executing large-scale, complex, and technology-driven infrastructure projects, particularly within institutional and industrial ecosystems.
Deepak Builders’ expertise in turnkey execution, including civil, MEP, HVAC, and integrated infrastructure, continues to enable it to secure high-value projects from marquee clients. The company aims to strengthen its execution credentials and geographic presence further.
The project win aligns with broader industry trends, such as increased investments in refinery expansions, industrial townships, and urban infrastructure development, driven by government-led capital expenditure and rising energy sector investments. The demand for modern residential infrastructure within industrial clusters is expected to remain robust, creating sustained opportunities for experienced EPC players.
Commenting on the development, the management of Deepak Builders & Engineers India Limited stated, “Securing L1 status for this strategically significant project reflects our strong technical capabilities, competitive cost positioning, and proven execution track record. This opportunity not only strengthens our order book but also reinforces our presence in industrial and township infrastructure. We remain focused on leveraging advanced construction technologies and delivering high-quality projects, positioning ourselves to capture emerging opportunities across infrastructure and real estate segments.”
Deepak Builders & Engineers India Limited is an integrated engineering and construction company specialising in administrative and institutional buildings, hospitals, industrial facilities, residential complexes, and critical infrastructure projects. The company delivers end-to-end turnkey solutions spanning civil, mechanical, electrical, and plumbing (MEP), HVAC systems, firefighting, public health services, and IT-enabled infrastructure.
With a proven track record in executing complex projects across government and private sectors, DBEIL continues to expand its footprint across geographies while leveraging modern construction technologies and efficient execution models to drive scalable growth.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).