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Deepak Builders & Engineers India Limited ( (IN:DBEIL) ) just unveiled an announcement.
Deepak Builders & Engineers India Limited has been declared the L1 (lowest) bidder for an Indian Oil Corporation project to construct 12 high-rise residential buildings using monolithic construction technology near the Panipat Refinery & Petrochemical Complex in Haryana. The contract, valued at Rs 474.25 crore and covering housing, parking, utilities, roadworks and amenities, is expected to lift the company’s total order book to about Rs 2,000 crore upon formal award, strengthening its project pipeline and reinforcing its position in large industrial township developments.
More about Deepak Builders & Engineers India Limited
Deepak Builders & Engineers India Limited operates in the construction and engineering industry, focusing on large-scale infrastructure and residential projects. The company undertakes complex civil works for industrial townships and related facilities, serving clients in sectors such as oil and gas and petrochemicals across India.
Average Trading Volume: 3,708
Technical Sentiment Signal: Sell
Current Market Cap: 2.79B INR
See more data about DBEIL stock on TipRanks’ Stock Analysis page.