Infra stock jumps 5% upon securing ₹13 Cr order from Govt of Tripura 

Synopsis: Oval Projects Engineering ltd secures a work order from the Government of Tripura and PWD to establish a 50 bedded drug de addiction centre. 

The shares of this infrastructure company specialised in Engineering, Procurement & construction (EPC) and operations and maintenance (OM)  services, jumped 5 percent in a day’s trade upon securing work order from Government of Tripura and PWD( R&B).

With the market capitalization of 109 Crores, the shares of Oval Projects Engineering ltd  has reached an intraday high of Rs. 52.5 per equity share, rising nearly 5 percent from previous day close price of Rs. 50 per share.

What is the News: 

Oval Projects Engineering Limited has secured a new project from the PWD (Roads & Buildings) Department of the Government of Tripura, to build a 50 bedded drug de-addiction centre in Santirbazar, South Tripura. The project is worth Rs. 13.23 crore and will be executed as per the terms laid out in the contract, with no related-party involvement. 

Company Overview and Financial Highlights

Oval Projects Engineering Limited is a diversified infrastructure company with capabilities across the Oil & Gas, City Gas Distribution, Energy and Urban Development sectors. It executes turnkey projects covering the full Oil & Gas value chain—including pipeline laying, processing plants, CGS work and O&M services for power plants, CNG/CGD networks and EPC contracts.

The company has built a strong presence across several states, especially in the eastern and western regions of India, and has successfully installed more than 900 km of pipelines to date. Its operations are structured across three divisions: Oil & Gas Infrastructure, Operations & Maintenance and Specialised Infrastructure. Together, these enable the company to handle gas-processing and storage projects while also delivering civil works such as smart city initiatives, urban development, buildings, roads and landscaping—many undertaken for government and international agencies.

Its revenue from operations has increased from Rs. 78 crore in FY24 to Rs. 102 crore in FY25, marking a 30.7 percent growth. Operating profit nearly doubled from Rs. 10 crore to Rs. 19 crore, an increase of 90 percent, while net profit jumped 125 percent, rising from Rs. 4 crore to Rs. 9 crore.

Written by Vachan Kadli 

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Infra stock jumps 5% upon securing ₹13 Cr order from Govt of Tripura  appeared first on Trade Brains.