Oval Projects Engineering Limited (OPEL), based in Agartala, Tripura, became the first company from Northeast India to be listed on the Bombay Stock Exchange (BSE) on September 4, 2025, more than fifty years after Tripura’s merger with the Indian Union. Founded in 2013, OPEL operates across seven states in the oil and gas and infrastructure sectors, delivering major projects including ONGC’s gas gathering station and facilitating NEEPCo’s 106 MW power plant. The company’s ₹46.74 crore IPO, with shares priced between ₹80 and ₹85, marked a historic milestone, also making OPEL the first Northeast company to attract $2 million in foreign direct investment. Chairman Gautam Debnath stated that the listing strengthens OPEL’s financial standing and improves access to public funding, while highlighting government subsidies and the need for policies supporting green industries and IT to leverage Tripura’s vast green cover for carbon market initiatives
