ONGC Petro Additions Limited Overview
Pro stress-test →ONGC Petro Additions Limited (OPaL) is one of the largest integrated petrochemical plants in India with assured supply of key feedstock from its promoter ONGC. The company serves manufacturers in plastics, packaging, agriculture, consumer goods, and chemical industries across India, South Asia, and international markets.
Strategic Profile
Pro stress-test →OPaL derives significant managerial, operational, and financial benefits from its key promoter ONGC as part of ONGC's forward integration strategy and diversification into petrochemicals. The company operates a 1.1 million metric tonne per annum integrated petrochemical complex with a dual-feed cracker providing greater flexibility in feedstock. In June 2026, OPaL secured board approval to raise up to ₹4,471 crore through private placement of Non-Convertible Debentures.
Competitive Landscape
Pro stress-test →OPaL competes in India's integrated petrochemical sector alongside other major producers. The company's competitive advantage stems from being one of the largest integrated petrochemical plants in India with a dual-feed cracker and assured feedstock supply from ONGC. However, as a commodity-exposed business, profitability depends on raw material and product price cycles.
Industry Context
ONGC Petro Additions Limited operates in Petrochemicals & Polymers.
Key facts
Founded: 2006 · Headquarters: Vadodara, India · Employees: 897 · Revenue: N/A · Market cap: N/A