Deepak Builders & Engineers India Ltd (DBEIL), an integrated engineering and construction company, has emerged as the lowest (L1) bidder for a residential project adjacent to the Panipat Refinery & Petrochemical Complex township of Indian Oil Corporation Ltd (IOCL) in Haryana.
Project scope and specification
The project involves the construction of 12 high-rise residential buildings (G+13) using advanced monolithic construction technology. The scope also includes the development of parking facilities, a sewerage treatment plant (STP), utility infrastructure, internal roads, and other associated amenities.
Order value and growth outlook
The company has received formal confirmation of its L1 status through IOCL’s e-procurement portal. The total project value is estimated at ₹474.25 crore. Upon formal award, DBEIL’s total order book is expected to scale to about ₹32,000 crore, significantly enhancing revenue visibility.
Strengthening execution capabilities
This development reinforces DBEIL’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, strengthening its execution credentials and geographic presence.
Favourable industry tailwinds
The win aligns with broader industry tailwinds, including increased investments in refinery expansions, industrial townships, and urban infrastructure development, driven by government-led capital expenditure and rising investments in the energy sector. Demand for modern residential infrastructure within industrial clusters is expected to remain robust, creating sustained opportunities for experienced EPC players.
Strong technical capabilities, competitive cost positioning
DBEIL’s management said: “Securing L1 status for this strategically significant project reflects our strong technical capabilities, competitive cost positioning, and proven execution track record. This opportunity not only strengthens our order book but also reinforces our presence in industrial and township infrastructure. We remain focused on leveraging advanced construction technologies and delivering high-quality projects, positioning ourselves to capture emerging opportunities across infrastructure and real estate segments.”