Deepak Builders has achieved L1 status for a Rs.4.74 billion residential infrastructure project adjacent to IOCL’s Panipat Refinery. The win expands its order book to an estimated Rs 32,000 crore, reinforcing its positioning in industrial township development and energy-sector-linked infrastructure.
Deepak Builders has been identified as the lowest bidder for a residential infrastructure project valued at Rs.4.74 billion near Indian Oil Corporation Limited’s (IOCL) Panipat Refinery & Petrochemical Complex in Haryana. According to official disclosures, the scope includes 12 high-rise residential towers with G+13 configurations, alongside parking facilities, a sewerage treatment plant, utility networks, and internal roads.
The company plans to deploy monolithic construction technology to enhance execution efficiency. This contract strengthens the company’s presence in institutional infrastructure tied to India’s energy sector. With the formal award, Deepak Builders’ total order book is projected to reach approximately Rs 32,000 crore, significantly improving near-term revenue visibility. The development coincides with sustained government capital expenditure and rising investments in refinery expansions and industrial townships, which continue to drive demand for residential infrastructure within industrial clusters.
For EPC contractors, such projects underscore a broader trend of integrated industrial-urban development, where energy anchors create sustained demand for ancillary infrastructure. Deepak Builders’ ability to secure complex turnkey contracts across civil, MEP, and HVAC segments positions it to capitalize on this ongoing pipeline.
Deepak Builders is an engineering and construction company specializing in turnkey infrastructure projects, including industrial townships, residential developments, and institutional buildings across India.
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