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.

Infrastructure Urban

31 Mar 2026

India and UK Review CETA Progress at WTO Ministerial

On the sidelines of the 14th World Trade Organization (WTO) Ministerial Conference in Yaounde, Cameroon, Union Minister of Commerce and Industry Shri Piyush Goyal met the United Kingdom (UK) Secretary of State for Business and Trade Mr Peter J Kyle. The meeting saw both ministers exchange views on the MC-14 agenda and review progress on the implementation of the India-United Kingdom Comprehensive Economic and Trade Agreement (CETA) signed in July 2025. The discussion reviewed implementation milestones and procedural steps toward ratification and operationalisation. Goyal noted that India has c..

Infrastructure Urban

31 Mar 2026

Goyal Holds Bilateral Talks With EU Trade Commissioner

On the sidelines of the 14th World Trade Organization (WTO) ministerial conference in Yaounde, Cameroon, Union Minister of Commerce and Industry Shri Piyush Goyal held a bilateral meeting with European Union (EU) Trade Commissioner Maros Sefcovic. The meeting examined the MC?14 agenda and assessed progress on work to finalise the recently concluded India?European Union free trade agreement (FTA). Both sides also considered avenues to further enhance bilateral trade and economic cooperation. On WTO reforms, both leaders agreed on the necessity of substantive change and underlined that reform ef..

Infrastructure Urban

31 Mar 2026

L&T Secures Significant Orders For Buildings And Factories Business

The Buildings and Factories (B&F) business vertical of Larsen & Toubro (L&T) has secured multiple orders across several states in India, including new contracts and add-on work in ongoing projects. In Gujarat the unit won an order for the construction of a float glass plant, with the scope covering design and construction of all civil, steel, mechanical, electrical and plumbing work and associated external development. In Andhra Pradesh the business secured an order from a leading two-wheeler manufacturer for the construction of a state-of-the-art manufacturing facility, encompassing civil, st..