Deepak Builders & Engineers India Limited has informed the Exchange about General Updates
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Awaiting price reaction for this filing.
Deepak Builders has formally received a Letter of Acceptance from HSIIDC (Haryana State Industrial & Infrastructure Development Corporation, a state government body) for the construction of Unity Mall at Sector-37, HSIIDC Industrial Estate, Karnal. The project covers complete EPC work — planning, design, engineering, procurement and construction — valued at Rs. 120.85 crores excluding GST (Rs. 142.60 crores including GST). The company had earlier announced on June 3, 2025 that it had emerged as the L1 bidder for this project; this letter confirms the award. The completion timeline is 24 months, followed by a 36-month defect liability period and 12 months of operations and maintenance.
Positive for the company's order book and revenue visibility over the next 2 years. Confirms a sizeable government-backed EPC win, though execution and margin risks typical of fixed-price construction projects remain.