Deepak Builders L1 for Rs4.7425 bn Panipat Refinery Township Project

31 Mar 2026 CW Team

The total project value is Rs4.7425 bn and, upon formal award, DBEIL’s order book is expected to increase to approximately Rs320 bn, significantly enhancing revenue visibility. The project bolsters the company’s positioning in executing large-scale and technology driven infrastructure within institutional and industrial ecosystems. In the previous financial year the company reported total income of Rs35.8665 bn, earnings before interest, tax, depreciation and amortisation of Rs1.1555 bn and net profit of Rs3.5611 bn. These metrics underscore the company’s capacity to secure and execute high value contracts.

The company offers end-to-end turnkey solutions spanning civil works, mechanical, electrical and plumbing, HVAC systems, firefighting and public health services while leveraging IT enabled infrastructure. DBEIL’s integrated delivery model and experience in government and private sectors continue to support geographic expansion and scalable growth. The win is likely to strengthen execution credentials and client relationships.

Industry tailwinds including increased investment in refinery expansions, industrial townships and urban infrastructure driven by government capital expenditure and rising energy sector investment are creating opportunities for EPC firms. Management said that securing L1 status reflects technical capabilities, competitive cost positioning and a proven execution track record and that the company will focus on leveraging advanced construction technologies to capture emerging opportunities. The development therefore reinforces strategic presence in industrial and township infrastructure.

Deepak Builders & Engineers India Limited (DBEIL) has emerged as the lowest bidder for a residential infrastructure project adjacent to the Panipat Refinery and Petrochemical Complex Township of Indian Oil Corporation Limited in Haryana. The assignment comprises construction of 12 high-rise residential buildings of ground plus 13 storeys using advanced monolithic construction technology. The scope covers development of parking facilities, a sewerage treatment plant, utility infrastructure, internal roadworks and associated amenities. The company received formal confirmation of its L1 status through the IOCL eProcurement portal. The total project value is Rs4.7425 bn and, upon formal award, DBEIL’s order book is expected to increase to approximately Rs320 bn, significantly enhancing revenue visibility. The project bolsters the company’s positioning in executing large-scale and technology driven infrastructure within institutional and industrial ecosystems. In the previous financial year the company reported total income of Rs35.8665 bn, earnings before interest, tax, depreciation and amortisation of Rs1.1555 bn and net profit of Rs3.5611 bn. These metrics underscore the company’s capacity to secure and execute high value contracts. The company offers end-to-end turnkey solutions spanning civil works, mechanical, electrical and plumbing, HVAC systems, firefighting and public health services while leveraging IT enabled infrastructure. DBEIL’s integrated delivery model and experience in government and private sectors continue to support geographic expansion and scalable growth. The win is likely to strengthen execution credentials and client relationships. Industry tailwinds including increased investment in refinery expansions, industrial townships and urban infrastructure driven by government capital expenditure and rising energy sector investment are creating opportunities for EPC firms. Management said that securing L1 status reflects technical capabilities, competitive cost positioning and a proven execution track record and that the company will focus on leveraging advanced construction technologies to capture emerging opportunities. The development therefore reinforces strategic presence in industrial and township infrastructure.

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