New Launch29 March 2026 at 03:01 pm
Deepak Builders Bags L1 Status for ₹474.25 Cr Residential Project at Indian Oil Panipat Refinery Township
AI Summary
Deepak Builders & Engineers India Limited 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 in Haryana. The project, valued at ₹474.25 crore, involves the construction of 12 high-rise residential buildings using advanced monolithic construction technology. This development is expected to significantly enhance the company's revenue visibility, with the total order book estimated to scale to approximately ₹32,000 crore upon formal award. The win aligns with broader industry tailwinds, including increased investments in refinery expansions, industrial townships, and urban infrastructure development.
Key Highlights
- Deepak Builders & Engineers India Limited has secured L1 status for a residential project at Indian Oil Panipat Refinery Township.
- The project is valued at ₹474.25 crore and involves the construction of 12 high-rise residential buildings.
- Upon formal award, the company's total order book is expected to reach approximately ₹32,000 crore.
- This win reinforces Deepak Builders’ strong position in executing large-scale, complex, and technology-driven infrastructure projects.
- The demand for modern residential infrastructure within industrial clusters is expected to remain robust.