Latest news about Oval Projects Engineering
Oval Projects Engineering
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Company Performance:
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5Y-36.51%
More news about Oval Projects Engineering
01Apr 26
Oval Projects Engineering Disputes CRISIL Rating Downgrade, Claims Factual Incompleteness
Oval Projects Engineering Limited has disputed CRISIL's rating rationale dated March 30, 2026, claiming it's factually incomplete and doesn't reflect their formal withdrawal request initiated in November 2023. CRISIL downgraded the company's ratings to 'B/Stable/A4 Issuer not cooperating' from 'BB/Stable/A4+ Issuer not cooperating', citing non-cooperation despite repeated engagement attempts. The company maintains it submitted banker NOCs in December 2023 and clearly conveyed its decision to discontinue engagement with CRISIL.
23Mar 26
Oval Projects Engineering Limited Appoints Aristos Advisory as Investor Relations Services Provider
Oval Projects Engineering Limited has appointed Aristos Advisory as its investor relations services provider effective March 23, 2026, in compliance with SEBI LODR Regulation 30. The IR firm is located in Surat, Gujarat, and the appointment was formally communicated to BSE Limited by Managing Director Goutam Debnath.
28Feb 26
Oval Projects Engineering Submits Revised Q3 FY26 IPO Monitoring Report
Oval Projects Engineering filed a corrected monitoring agency report for Q3 FY26 on February 28, 2026, after discovering numerical errors in its earlier submission. The company utilized Rs. 17.53 crore during the quarter, primarily for working capital requirements, bringing total IPO proceeds deployment to Rs. 38.25 crore out of Rs. 46.74 crore raised.
09Dec 25
Oval Projects Engineering Secures Rs 13.23 Crore Contract from Tripura Government
Oval Projects Engineering Limited has received a Letter of Acceptance (LOA) from the Government of Tripura for a healthcare infrastructure project. The contract, valued at Rs 13,23,49,460, involves constructing a 50-bedded drug de-addiction centre in Santirbazar, South Tripura. This project, awarded by PWD (RSB), Government of Tripura, marks a significant addition to the company's portfolio in the healthcare sector and government-funded projects.
11Nov 25
Oval Projects Engineering Reports Strong Half-Year Performance with Revised Consolidated Review
Oval Projects Engineering Limited (OPEL) submitted a revised Limited Review Report for H1 FY2026 ended September 30, 2025. Total income increased by 96.40% to ₹621.60 lakhs, while net profit rose 74.80% to ₹677.03 lakhs compared to H1 FY2025. Basic EPS improved by 51.40% to ₹4.27. Consolidated results show total revenue of ₹5,965.68 lakhs and net profit of ₹604.72 lakhs. The company's cash and bank balance significantly increased from ₹1,739.77 lakhs to ₹4,660.02 lakhs.
05Nov 25
Oval Projects Engineering Reports Strong H1 FY26 Performance with 195.7% Revenue Growth
Oval Projects Engineering Limited, an infrastructure development company in India's oil and gas sector, reported robust financial results for H1 FY26. Revenue from operations increased by 195.7% to ₹61.54 crore, while profit after tax grew by 178% to ₹6.77 crore. The company secured new orders totaling ₹83.07 crores in September 2025, including projects in Tripura and an LOI for a City Gas Station project in Nagaland. With a strong order book of ₹716 crores and presence across 10 Indian states, Oval Projects Engineering is well-positioned for continued growth in the oil and gas infrastructure sector.
18Oct 25
Oval Projects Engineering Limited Reports Strong Half-Year Performance and Announces Joint Venture
Oval Projects Engineering Limited (OPEL) announced unaudited financial results for H1 FY2026 ending September 30, 2025. Standalone revenue increased by 95.66% to ₹6,154.24 lakhs, while net profit grew 74.85% to ₹677.03 lakhs year-over-year. The company's board approved a 51:49 joint venture with Oval Fresh Private Limited for tender participation. OPEL's consolidated balance sheet shows total shareholders' funds of ₹10,273.51 lakhs and cash balance of ₹4,772.51 lakhs, indicating strong financial position and liquidity.
13Oct 25
Oval Projects Engineering Secures Rs 11.79 Crore Contract for Gas Infrastructure in Nagaland
Oval Projects Engineering Limited (OPEL) has received a Letter of Intent from HPOIL GAS PRIVATE LIMITED for a Rs 11.79 crore contract. The project involves constructing a City Gas Station cum Mother Station in Xelhozhe, Niuland District, Nagaland. OPEL confirmed no related party transactions or interests between the awarding entity and the company's promoter groups or group companies.
15Sept 25
Oval Projects Engineering's Joint Venture Secures Rs. 58.25 Crore Infrastructure Contract in Tripura
Oval Projects Engineering Limited (OPEL) and Raviraj Bokadia Creative joint venture awarded a Rs. 58.25 crore contract by Tripura Urban Planning and Development Authority. The project involves developing roads and storm water drainage systems in Khowai, Ranirbazar, and Mohanpur. OPEL holds a 51% stake in the joint venture. This marks OPEL's third major project, strengthening its order book and position in sustainable infrastructure development across India.
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