Mumbai – March 28, 2026 – Deepak Builders & Engineers India Limited (NSE - DBEIL, BSE - 544276 | INEOOPAOQI1019) announced it has emerged as the lowest (L1) bidder for a residential infrastructure project adjacent to the Panipat Refinery & Petrochemical Complex Township of Indian Oil Corporation Limited (IOCL) in Haryana.
The project involves the construction of 12 high-rise residential buildings (G+13) utilizing advanced monolithic construction technology. The scope of work includes the development of parking facilities, a sewerage treatment plant (STP), utility infrastructure, internal roadworks, and associated amenities. Deepak Builders received confirmation of its L1 status via the IOCL eProcurement portal. The total project value is ₹474.25 crore. Upon formal award, the company’s total order book is expected to reach approximately 32,000 crore, significantly enhancing revenue visibility.
This development highlights Deepak Builders' strong positioning in executing large-scale, complex, and technology-driven infrastructure projects, particularly within institutional and industrial ecosystems. The company's expertise in turnkey execution—including civil, MEP, HVAC, and integrated infrastructure—continues to enable it to secure high-value projects from major clients, further strengthening its execution credentials and geographic presence.
The win aligns with broader industry trends, including 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.
According to management at Deepak Builders & Engineers India Limited, securing L1 status for this project reflects the company's strong technical capabilities, competitive cost positioning, and proven execution track record. They stated that this opportunity strengthens the order book and reinforces their presence in industrial and township infrastructure, with a focus on leveraging advanced construction technologies and delivering high-quality projects.
Deepak Builders & Engineers India Limited is an integrated engineering and construction company specializing in the execution of 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.
In fiscal year 2025, the company reported Total Income of 3586.65 Crore, EBITDA of 115.55 crore, and Net Profit of 356.11 crore.
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