New Launch29 Mar 2026, 08:31 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, reinforcing its strong position in executing large-scale, complex, and technology-driven infrastructure projects within institutional and industrial ecosystems.
Key Highlights
- Deepak Builders & Engineers India Limited has secured L1 status for a residential infrastructure project at Indian Oil Corporation Limited's Panipat Refinery & Petrochemical Complex Township.
- The project is valued at ₹474.25 crore and involves the construction of 12 high-rise residential buildings using advanced monolithic construction technology.
- Upon formal award, DBEIL’s total order book is expected to scale to approximately ₹32,000 crore, significantly enhancing revenue visibility.
- This development reinforces Deepak Builders’ strong positioning in executing large-scale, complex, and technology-driven infrastructure projects.
- The demand for modern residential infrastructure within industrial clusters is expected to remain robust, creating sustained opportunities for experienced EPC players.