Deepak Builders emerged as the lowest bidder for a construction project worth Rs 153 crore

The Registrar of Companies issued a Certificate of Incorporation on September 11, 2017, which allowed Deepak Builders & Engineers India Limited to be incorporated as a private limited company under the name “Deepak Builders & Engineers India Private Limited.” The company is an integrated engineering and construction company specializing in the execution and construction of administrative & institutional buildings, hospitals, medical colleges, industrial buildings, historical memorial complexes, stadiums, sports complexes, residential complexes, and various developmental and other construction activities. It has diversified in undertaking specialised structural work such as flyovers, approach roads, rail under bridges, rail over bridges, and development and redevelopment of railway stations. 

The lowest bidder is Deepak Builders & Engineers India Limited

The business was the lowest bidder for a Rs 153 crore construction project. At PGIMER, Chandigarh, a 150-bed critical care unit will be built as part of the project. It also covers upkeep on comprehensive design, engineering, procurement, and construction during the defect liability period. The project in question is scheduled to be completed in 18 months.

Projects by Deepak Builders & Engineers India Limited

A company completed 16 projects, including two major ones: the construction of the Jang-E-Azadi Memorial in Kartarpur, Jalandhar, Punjab, which cost Rs 218.36 crore; the Karuna Sagar Maharishi Valmiki Tirath Asthaan at Ram Tirath, Amritsar, Punjab, which cost Rs 197.24 crore; the Geriatrics Block at AIIMS Campus New Delhi, which cost Rs 224.32 crore; and the super speciality block at Government Medical College Patiala, which cost Rs 66.5 crore. In 2023, Chandigarh’s International Cricket Stadium was completed at a cost of Rs 140.12 crore.

Deepak Builders & Engineers India Limited stock update

The stock of Deepak Builders is currently trading at Rs. 154.36 per share, which is far from the 52-week high of Rs. 200 per share and fairly close to the 52-week low of Rs. 152.70.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.