Emerged as the L1 bidder for the project
DBEIL · price
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Deepak Builders and Engineers India Ltd has announced it emerged as the L1 (lowest) bidder for a project involving planning, design, engineering, procurement, and construction of building infrastructure facilities for Shri Krishna AYUSH University in Kurukshetra, Haryana. The total bid project cost is approximately Rs. 559.50 Crores, inclusive of GST. The project is being awarded by the Department of Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC). The contract is on an EPC (Engineering, Procurement and Construction) basis. The company will update shareholders upon further developments regarding the project award.
Winning this Rs. 559.50 Crore government order represents a positive business development for Deepak Builders, potentially boosting the company's order book and future revenue visibility. The stock could see positive sentiment given the substantial contract size from a government client.