Deepak Builders & Engineers India Limited has informed the Exchange about General Updates
DBEIL · price
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Deepak Builders & Engineers India Limited (DBEIL) has emerged as the lowest (L1) bidder for the Planning, Design, Engineering, Procurement and Construction (EPC) of a Unity Mall in Karnal on an EPC mode basis. The bid project cost is Rs. 120.85 crores (excluding GST) and Rs. 142.60 crores (including GST). The project has been tendered by HSIIDC Industrial Estate Karnal Authority and is to be completed within 24 months. The company has clarified that L1 status means it is the lowest qualified bidder, but the formal award is still pending.
Positive development as winning this sizeable government-backed EPC order could strengthen the company's order book and provide revenue visibility over the next two years. Investors should note that L1 status is not a final contract award; execution timelines and formal award confirmation are key milestones to watch.