Mumbai, September 16 (Patrika English News). Shares of Oval Projects Engineering hit the upper circuit of ₹78.13 on Tuesday after its joint venture (JV) secured a Letter of Award (LoA) worth ₹58.25 crore from the Tripura Urban Planning and Development Authority (TUPDA).
The scrip opened at ₹78.13 and remained locked at the same level, up by ₹3.72 or 5% from the previous close of ₹74.41. A total of 68,800 shares changed hands during the session. The company’s market capitalisation currently stands at ₹161.96 crore.
The LoA has been awarded for road and storm water drainage system improvements in Khowai, Ranirbazar, and Mohanpur (Cluster IA towns). The project will be executed by Oval Projects Engineering in partnership with Raviraj Bokadia Creative.
This is the company’s third major order win, further boosting its order book and strengthening its credentials in sustainable infrastructure development.
Oval Projects Engineering is an infrastructure services provider engaged in engineering, procurement, and construction (EPC) projects, along with operations and maintenance (O&M) services, primarily catering to the oil and gas sector across India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
