Deepak Builders & Engineers India Ltd emerges L1 for project

Deepak Builders & Engineers India Limited has emerged as the L1 bidder for the construction of 12 high-rise residential buildings (G+13) using monolithic construction technology. The scope of work includes associated parking facilities, a sewerage treatment plant, utility infrastructure, roadworks, and other amenities adjacent to the existing Panipat Refinery & Petrochemical Complex Township of IOCL in Haryana (Package-I).

The Company is the L1 bidder for the above-mentioned project on the Indian Oil Corporation eProcurement Portal, with a total project value of Rs.474.25 crores.

Further, upon award of the aforesaid project, the total value of projects in hand of the Company will stand at approximately Rs. 2,000 Crores.

Shares of Deepak Builders and Engineers India Limited was last trading in BSE at Rs. 53.63 as compared to the previous close of Rs. 59.97. The total number of shares traded during the day was 25967 in over 723 trades.

The stock hit an intraday high of Rs. 63.00 and intraday low of 52.00. The net turnover during the day was Rs. 1497006.00.

Source : Equity Bulls

Keywords

DeepakBuildersandEngineersIndia INE0OPA01019 CivilConstruction L1