Oval Projects Engineering Limited (OPEL) has etched its name in history by becoming the first company from Tripura to be listed on the prestigious Bombay Stock Exchange (BSE). This momentous achievement comes 53 years after Tripura’s integration into the Indian Union, signifying a significant milestone in the state’s financial landscape.
Founded in 2013, OPEL, headquartered in Agartala, has emerged as a key player in the oil and gas sector and various infrastructure projects across seven states in India. Led by Chairman Gautam Debnath, the company secured foreign direct investment (FDI) of USD 2 million, making it a trailblazer from the northeastern region in attracting international capital.
The Initial Public Offering (IPO) of OPEL, valued at Rs 46.74 crore, was launched on Aug 28, 2025, and concluded on Sept 1, 2025, with shares priced between Rs 85-89 each. This move is anticipated to bolster investment and job creation, bolstering Tripura’s presence in India’s financial domain and paving the way for further economic growth.
Debnath emphasized that OPEL’s listing on the BSE transcends mere corporate success, symbolizing a significant step towards establishing Tripura as a formidable player in the national financial arena. He underscored the challenges faced by unlisted companies in accessing public funds and stressed the importance of the new listing in stimulating economic activities in the northeast region.
Furthermore, Debnath commended the Tripura government’s initiatives to offer capital and machinery subsidies to investors, advocating for enhanced transportation subsidies to enhance competitiveness. Despite the state’s abundant resources, high transportation costs have posed obstacles to market competitiveness, highlighting the need for a supportive policy framework to encourage investments in sustainable industries.
Industry experts view OPEL’s listing on the BSE as a significant development that not only elevates the company’s profile but also showcases Tripura’s potential in attracting investments and fostering industrial growth. The move is expected to create a ripple effect in the region, opening doors for further economic opportunities and positioning Tripura as a promising investment destination.
In conclusion, OPEL’s historic listing on the Bombay Stock Exchange marks a watershed moment for Tripura, signaling a new era of financial prosperity and growth for the state. With a strong foothold in the oil and gas sector and a commitment to sustainability, OPEL’s journey on the BSE sets a precedent for other companies in the region to follow suit and contribute to the economic revitalization of northeastern India.
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