Deepak Builders & Engineers India Limited has informed the Exchange regarding a press release dated March 29, 2026, titled "Press Release".
DBEIL · price
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Deepak Builders & Engineers India Limited (DBEIL) has emerged as the lowest (L1) bidder for a ₹474.25 crore residential infrastructure project for Indian Oil Corporation (IOCL) at the Panipat Refinery & Petrochemical Complex Township in Haryana. The project involves constructing 12 high-rise buildings (G+13) using monolithic construction technology, along with parking, sewerage treatment plant, utilities, and internal roadworks. Upon formal award, the company's order book is expected to scale to approximately ₹3,200 crore, significantly boosting revenue visibility. In FY25, the company reported Total Income of around ₹586.65 crore, EBITDA of ₹115.55 crore, and Net Profit of ₹56.11 crore, making this single order equivalent to a large share of annual revenue.
This is a major order win from a marquee government PSU client (IOCL), which should strengthen revenue visibility and reinforce DBEIL's credentials in large-scale industrial township infrastructure. The order size relative to FY25 revenue is significant, likely to be viewed positively by the market, though execution risk and conversion from L1 to formal contract remain key near-term watchpoints.