Oval Projects Engineering Limited has secured new project acquisitions worth ₹27.34 crore during the first five months of FY27, spanning April to August 2026. The infrastructure services provider also reported the successful completion of multiple assignments across its pipeline, gas infrastructure, and civil development portfolios.

The company, which specializes in serving India's Oil & Gas sector with upstream gas gathering systems, cross-country pipelines, and City Gas Distribution (CGD) networks, emphasized disciplined execution and cash-flow management in its business update.

New Order Inflow

The ₹27.34 crore in new contracts were acquired from diverse clients, including state governments and major energy sector entities. The breakdown of these acquisitions is detailed below:

Execution Milestones

Alongside new bookings, Oval Projects Engineering completed several technically challenging projects during this period. Key completions include:

• IGGL Pipeline Project: Completed 730 metres of Horizontal Directional Drilling (HDD) across the Barak River, demonstrating capability in complex pipeline crossings.
• Assam Gas Company Limited (AGCL): Successfully completed station works.
• Agartala Smart City Limited (ASCL): Completed beautification of MG Bazar Pond.
• Indian Oil Corporation Limited (IOCL): Completed pipeline laying at Koderma under a CGD project.

What the Numbers Show

The order book composition reveals a strategic diversification beyond core Oil & Gas mandates. While the company maintains its primary focus on energy infrastructure, evidenced by the ₹7.10 crore IGGL contract, nearly half of the new inflow (₹20.24 crore) came from government civil infrastructure projects (Tripura PWD and CPWD). This mix suggests an active pursuit of repeat business opportunities in public sector development, leveraging the company's stated 70% repeat order rate across its 10+ states of operation.

Management Outlook

Goutam Debnath, Chairman and Managing Director, stated that the first five months of FY27 were marked by strong execution and portfolio expansion. He noted that the achievements reflect customer confidence in the company's ability to undertake diverse infrastructure projects.

"Going forward, we remain focused on disciplined execution, timely project completion and selectively pursuing opportunities aligned with our capabilities, while maintaining a strong focus on cash-flow discipline and sustainable growth," Debnath said.

Oval Projects Engineering has established a track record of over 100 completed projects and more than 600 km of pipeline infrastructure over the past decade.

Oval Projects Engineering Limited, a specialized infrastructure services and Operations & Maintenance (O&M) company serving India's Oil & Gas sector, announced its business update for the first quarter ended June 30, 2026 (Q1 FY 2026-27). The company reported revenue of ₹18.00 crore, reflecting a 114.29% year-on-year increase compared to ₹8.40 crore in the corresponding quarter of the prior year. The company operates across 10+ Indian states, executing upstream gas gathering systems, cross-country pipelines, City Gas Distribution networks, and civil infrastructure.

Q1 FY27 Financial and Operational Highlights

The following table summarizes the key metrics reported for Q1 FY27:

The unexecuted order book of ₹514.27 crore out of the total order book of ₹818.68 crore provides the company with revenue visibility for the coming periods. During the quarter, the company participated in tenders worth ₹100.00 crore.

Management Commentary

Mr. Goutam Debnath, Chairman and Managing Director of Oval Projects Engineering Limited, commented on the quarterly performance:

"Q1 FY27 witnessed strong execution momentum, with revenue growing 114.29% YoY to ₹18.00 crore. Our total order book stands at ₹818.68 crore, with an unexecuted order book of ₹514.27 crore, providing healthy revenue visibility for the coming years.

While the Company has historically maintained a healthy order win ratio and strong execution capabilities, our approach towards new orders is becoming more selective. We are placing greater emphasis on cash flow discipline and the quality of the order book, rather than pursuing order book growth alone. This approach reflects our focus on addressing investor expectations and building a more balanced execution pipeline.

Going forward, our priority will be to maintain healthy cash flows alongside a strong order book, while selectively pursuing opportunities that align with our execution capabilities and financial objectives."

About Oval Projects Engineering Limited

Oval Projects Engineering Limited is a specialized infrastructure services and O&M company catering primarily to India's Oil & Gas sector. The company provides end-to-end infrastructure solutions spanning design & engineering, procurement, construction, testing & commissioning, and O&M services. Key operational highlights include:

• Execution track record across 10+ states
• Completion of 100+ projects and over 600 km of pipeline infrastructure
• Capabilities spanning upstream gas gathering systems, cross-country pipelines, City Gas Distribution (CGD) networks, and civil infrastructure
• Long-standing relationships with leading PSUs and government entities
• 70% repeat order rate from existing clients