1 year ago
Deepak Builders Wins ₹142 Crore Mall Construction Contract
Imagine a company called Deepak Builders is going to build a new shopping mall!
They received an official agreement, like a green light, to start working on a mall in Haryana, a place in India.
The project will cost about 142 crore rupees.
Deepak Builders will be in charge of designing, planning, and building the whole mall.
It should take them around two years to finish building it, and they will also make sure everything is working well for another year.
The company's shares went up a little bit because of this good news.
Deepak Builders received a Letter of Acceptance (LoA) for a mall construction project.
The project is for the construction of Unity Mall in Karnal, Haryana.
The estimated value of the project is ₹142 crore.
The project involves planning, design, engineering, procurement, and construction.
The project's execution and completion period is 24 months.
- Who
- Deepak Builders
- What
- Deepak Builders received a contract to construct a mall.
- Where
- Karnal, Haryana, India
- When
- The company received the LoA on an unspecified date, but the announcement was made on June 26, shares rose on June 26th
- Why
- The company was awarded the contract after being the lowest bidder, and it will increase their business.
Positive Impacts
Negative Impacts
Financial Impact
Positive Impacts
Increased revenue
Negative Impacts
Risk of construction delays.
Key facts
- Company
- Deepak Builders
- Project
- Unity Mall
- Location
- Karnal, Haryana
- Contract Value
- ₹142 crore
- Execution Time
- 24 months
- Defect Liability
- 36 months
- Stock Price
- ₹147
Sources
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