OVAL PROJECTS ENGINEERING LIMI

Provides engineering, procurement and construction (EPC) and operations and maintenance (O&M) services primarily to India's Oil & Gas sector, with the customer base dominated by public sector undertakings and government entities. The business earns revenue from executing oil and gas infrastructure projects under long-term contracts, supplemented by government civil construction orders such as a 50-bedded drug de-addiction centre won from the Public Works Department of the Government of Tripura valued at approximately Rs. 13.23 crore. Operations are concentrated in East India, with 41 active projects driving an order book exceeding Rs. 780 crore, equivalent to roughly five times FY26 revenue. Repeat business from PSU clients accounts for 70% of the order book, with the PSU and government share of revenue reported at 90%. Costs are dominated by other operating expenses at 12.6% of revenue and employee costs at 4.1%, with depreciation at 0.8% and no material input cost reported. The company was listed on the BSE SME platform in September 2025.