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Deepak Builders emerges as L1 bidder for Rs 474.25 crore residential project in Haryana
Mar-30-2026

Deepak Builders & Engineers India has emerged as the lowest (L1) bidder for a prestigious residential infrastructure project adjacent to the Panipat Refinery & Petrochemical Complex Township of Indian Oil Corporation (IOCL) in Haryana. The project entails the construction of 12 high-rise residential buildings (G+13) using advanced monolithic construction technology. The scope includes development of parking facilities, sewerage treatment plant (STP), 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 stands at Rs 474.25 crore. Upon formal award, the company’s total order book is expected to scale to around Rs 32,000 crore, significantly enhancing revenue visibility.

This development reinforces the company’s 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 marquee clients, further strengthening its execution credentials and geographic presence.

Deepak Builders & Engineers India is engaged in the business of Construction Contract Works and Construction of Infrastructure Facilities including Hospitals, Flyovers / Bridges / ROB / RUB, Roads, Buildings etc.


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