What we do Oval Projects Engineering Ltd provides engineering, procurement, and construction services in industrial infrastructure, focusing on oil & gas sector and urban civil projects, mainly in India. |
Founded in 2,013 |
Market share Strong presence in oil & gas EPC and urban infrastructure projects, expanding in North East India with growing order book. |
Problem solved Delivers critical infrastructure and maintenance solutions to support India's energy and urban development sectors. |
Top clients or who we serve Serves Oil & Gas companies including ONGC, NRL, TNGCL, and government infrastructure projects; B2B focus. |
Key management Managing Director Goutam Debnath; additional directors appointed in 2024 to enhance governance. |
Our journey and innovations Started as project management consultancy in 2013; expanded to EPC projects including pipelines, CGD, and civil infrastructure with IPO in 2025. |
Where we operate Primarily India with focus on North Eastern states and expanding to Maharashtra and southern India. |
Top products or what we offer EPC industrial infrastructure, operations & maintenance services in oil & gas, city gas distribution, pipeline laying, civil urban projects. |
Top brands - |
Raw materials needed Steel pipes, construction materials, engineering equipment for pipeline and civil projects. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mostly from project-based contracts, with some recurring operations and maintenance services. |
Our industry position Emerging player with significant contracts in North East India and increasing footprint in oil and gas EPC sector. |
Financial highlights Revenue of Rs 102.29 crore and Net Profit Rs 9.33 crore in FY 2024; strong growth from previous years. |
Geographical revenue split - |
Order book Order pipeline includes major projects worth over Rs 400 crore, with expected order booking of Rs 800 crore shortly. |
Whats driving growth Infrastructure investments, government projects in North East, expansion into petrochemicals, and urban development drives growth. |
Our future plans Targeting large-scale pipeline and infrastructure projects in Assam and Maharashtra; diversifying into industrial enzymes sector. |
Our green promise - |
Our people and values Focus on skilled workforce development; continuous recruitment and on-the-job training; emphasis on teamwork and talent promotion. |
Key challenges ahead Competitive bidding environment, regional expansion challenges, and securing large-scale contracts in new markets. |
Interesting facts First survey for Gas Collecting Station in Tripura in 2016; IPO raised Rs 46.74 crores in 2025. |
Risks and strategy Mitigates project execution risks through experienced management and strategic participation in government tenders. |
