Deepak Builders Gets New Project of Rs 142.6 Crore
By Shishta Dutta | Published at: Jun 26, 2025 01:38 PM IST
New Delhi, June 26, 2025 – Deepak Builders & Engineers India Ltd (NSE: DBEIL, BSE: 544276) has got a Letter of Acceptance from HSIIDC on June 25, 2025, giving them the go-ahead to build the ₹142.60 crore Unity Mall (EPC) project in Karnal, Haryana (without GST ₹120.85 cr). The contract says that the building will take 24 months, and then the company will be responsible for fixing any problems for 36 months and running and maintaining it for 12 months.
After the announcement, DBEIL jumped by 4.7% during the day to ₹149.14, but by 1:07 pm IST, it had dropped back down to ₹146.00.
Project Highlights and Terms
Deepak Builders said in a regulatory filing that they got the approval letter from the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) on June 25, 2025. The project includes planning, designing, engineering, buying, and building Unity Mall in Sector-37, Karnal using the EPC (Engineering, Procurement, and Construction) method.
- Project Value (Ex-GST): ₹120.85 crore
- Total Project Value (Incl. GST): ₹142.60 crore
- Execution Timeline: 24 months
- Defect Liability Period: 36 months
- O&M Tenure: 12 months
The company had earlier emerged as the L1 bidder for the project on June 3, 2025.
Market Reaction
At around 12:26 PM IST, DBEIL climbed ₹6 (↑4.22%) to ₹148, peaking at an intraday high of ₹151.70 before retreating slightly to ₹146.00
Stock Snapshot (as of 12:26 PM IST)
| Parameter | Value |
|---|---|
| Previous Close | ₹142.39 |
| Open | ₹143.50 |
| Day High / Low | ₹151.70 / ₹141.51 |
| VWAP | ₹148.73 |
| 52-Week High / Low | ₹214.00 / ₹128.50 |
| PE Ratio (TTM) | 59.23 |
| Market Cap | ₹694.71 Cr |
| Free Float Market Cap | ₹162.35 Cr |
Outlook
The Unity Mall project adds to Deepak Builders’ growing portfolio of public infrastructure works. Given its listing in October 2024 and a strong trading volume today (3.31 lakh shares), The Unity Mall contract win strengthens Deepak Builders’ order book and showcases its growing presence in government EPC projects. While short-term stock movement may stabilize, the deal adds long-term revenue visibility and could boost investor sentiment if execution is timely.
About the Company
Deepak Builders & Engineers India Ltd is a listed civil construction firm with presence in high-value infrastructure projects. The company debuted on the stock exchanges on October 28, 2024, and is part of the NIFTY IPO Index. Its primary business falls under the Civil Construction segment.
REF: https://nsearchives.nseindia.com/corporate/DEEPAKBUILDERS_26062025121414_Letter.pdf
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