ONGC Petro Additions Ltd. (OPaL) was founded in 2006 and is located in Dahej, Gujarat, India. The company is a joint venture between Oil and Natural Gas Corporation (ONGC), GAIL India Ltd., and Gujarat State Petroleum Corporation (GSPC) with the purpose of producing a range of petrochemicals, primarily polyethylene, and polypropylene. OPaL aims to contribute significantly to the Indian petrochemical sector by leveraging advanced technologies in production.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, OPaL has been active in the bond market, with its first bond issuance taking place in 2017 to support expansion initiatives. The company has since issued bonds for a total of ₹5,000 crores, with recent offerings displaying yield levels competitive with industry averages. Notably, the 2022 issuance included green bonds aimed at financing sustainable projects, aligning with global shifts toward responsible investing. Recent news highlights OPaL’s robust financial health, reaffirming investor confidence as it navigates the evolving market landscape.