Deepak Builders wins Rs 548.70 crore EPC order from HSIIDC
Deepak Builders & Engineers India Limited has received a Letter of Acceptance from Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC) for an EPC project worth Rs 548.70 crores. The project entails constructing infrastructure for Shri Krishna Ayush University in Kurukshetra, including civil and MEP services, over a period of 36 months.
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Deepak Builders & Engineers India Limited has secured a significant engineering, procurement, and construction (EPC) order valued at Rs 548.70 crores from Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC). The project involves the construction of various buildings, infrastructure, and allied estate services for Shri Krishna Ayush University in Kurukshetra, Haryana. This contract win is material as the order value exceeds the company's current market capitalisation of Rs 3.7 billion, providing a substantial boost to its order book and revenue visibility for the coming years.
Project Details
The Letter of Acceptance, bearing reference number HSIIDC: Engg: K:2026:423-428 and dated 2nd July, 2026, outlines the scope of work which includes civil and MEP services, horticulture, and site development works. The project cost is Rs 548.70 crores inclusive of GST, with provisions for escalation. The total tenure for the completion of the project is 36 months.
| Parameter | Details |
|---|---|
| Client | Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC) |
| Project Location | Kurukshetra, Haryana |
| Order Value | Rs 548.70 crores (Inclusive of GST) Plus Escalation |
| Tenure | 36 months |
| Scope | Construction of buildings, infrastructure, civil and MEP services, horticulture, and site development |
How will Deepak Builders manage the working capital requirements for a project that exceeds its current market capitalization?
What is the expected impact on the company's profit margins given the inclusion of GST and escalation clauses in the contract?
Does this EPC order position Deepak Builders to secure similar government infrastructure contracts in other states?
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