Deepak Builders & Engineers India Limited has informed the Exchange about General Updates
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Deepak Builders & Engineers India Limited has announced becoming the L1 (lowest) bidder for a major construction project. The company will handle planning, design, engineering, procurement, and construction of various building infrastructure facilities for Shri Krishna AYUSH University in Kurukshetra, Haryana on an EPC basis. The total bid project cost is approximately Rs. 559.50 Crores, inclusive of GST. The project is under the Department of Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC). The company will update shareholders on further developments regarding the project execution.
This is a significant win for the company as a Rs. 559.50 Crore order represents substantial new business acquisition. For shareholders, this project could provide revenue visibility over the construction period, though the exact impact depends on the company's current order book and revenue base.