Oval Projects Engineering rises 5% after winning LOA for 50 bedded drug de-addiction centre in TripuraOval Projects Engineering rises 5% after winning LOA for 50 bedded drug de-addiction centre in Tripura

Introduction

Leading construction and engineering firm secured a Rs. 13.23 crore contract from PWD Tripura to establish a 50-bedded Drug De-addiction Centre at Santirbazar, South Tripura, enhancing regional healthcare infrastructure.

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Share price movement of Oval Projects

On December 10, 2025, Oval Projects Engineering Ltd opened at ₹52.00, up 4.00% from its previous close of ₹50.00. The stock reached a high of ₹52.50 (5.00%) and a low of ₹50.50 (1.00%). By 2:26 PM, it traded at ₹51.26, a 2.52% increase, with a full market cap of ₹106.46 crore.

Oval Projects Wins Tripura Drug Centre Contract

Oval Projects Engineering Limited has received a Letter of Acceptance from PWD (R&B), Government of Tripura. The contract is for establishing a 50-bedded Drug De-addiction Centre at Santirbazar.

The total contract value is Rs. 13.23 crore. The project will be executed as per the terms and timelines mentioned in the contract with the state government.

The order is awarded by a domestic entity, PWD (R&B), Tripura. Oval Projects Engineering will undertake construction and development work in South Tripura, contributing to regional healthcare infrastructure expansion.

Stock performance of Oval Projects for Period of 1 week, 6 months, and 1 year

Oval Projects Engineering Ltd delivered a -13.9% return over the past week. The stock declined 25.9% over the past month.

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Shareholding pattern of Oval Projects

Particulars	Sep 2025	Jun 2025
Promoter	53.10%	53.10%
FII	0.80%	4.50%
DII	3.70%	6.90%
Public	42.40%	35.60%

About Oval Projects

Oval Projects Engineering Ltd (BSE: 544498), incorporated in 2013, is an Indian infrastructure development company specializing in Oil & Gas, City Gas Distribution, Urban Development, and Energy projects across various regions of India.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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