Oswal Energies Limited

What Oswal Energies Limited does

Oswal Energies Limited (formerly Oswal Infrastructure Limited) is an India-based engineering, procurement, and construction (EPC) company headquartered in Ahmedabad, Gujarat. Founded in 2011-12 and incorporated in 2013 as part of the Oswal Group, the company designs and manufactures heat exchangers, pressure vessels, skid packages, and other process equipment for the global oil & gas sector. With 291 employees and operations spanning 10+ countries including the USA, Canada, Netherlands, Italy, UAE, Qatar, Oman, Egypt, Nigeria, and India, the firm has completed over 250 projects for 125+ customers including ONGC, IOCL, HPCL, ExxonMobil, ADNOC, Vedanta, Baker Hughes, Halliburton, L&T, and Petrofac.

The company holds certifications including ASME U/U2/PP, ISO, IBR, and ADNOC approval, and operates in-house modular skid manufacturing infrastructure enabling cost-competitive project execution. Its proprietary PEGS® plasma gasification technology supports a strategic expansion into waste-to-energy, alongside new green hydrogen and carbon capture (CCUS) offerings that form the core of its forward growth thesis. The firm is listed on both BSE and NSE.

Oswal Energies derives revenue primarily through project-based EPC contracts and equipment manufacturing for oil & gas operators and tier-one EPC contractors, supplemented by an emerging clean energy order book anchored by a Rs. 320 crore green hydrogen contract from Greenzo Energy and an MoU with Deendayal Port Authority. The company has filed draft papers with SEBI for an IPO, rebranded from Oswal Infrastructure to Oswal Energies to reflect its energy transition pivot, and is pursuing strategic partnerships with Sinclair Energy, EnerSol, and Arab Tanker Services to broaden its commercial footprint.

Name

Oswal Energies Limited

Legal name

Oswal Energies Limited

Website

https://oswalenergies.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

251–500 employees

Short description

Oswal Energies Limited is an Ahmedabad-based EPC company that designs and manufactures heat exchangers, pressure vessels, and skid packages for global oil & gas operators and EPC contractors, while expanding into green hydrogen, CCUS, and waste-to-energy.

Ownership category

akta.pro rank

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. EPC Project Services: Full-spectrum Engineering, Procurement, and Construction services covering the complete project lifecycle from concept to commissioning for oil & gas infrastructure. Revenue is earned through lump-sum, LSTK (Lump Sum Turnkey), and EPCC (Engineering, Procurement, Construction, Commissioning) contracts with major energy sector clients.
2. Modular Skids and Process Equipment Manufacturing: Design, engineering, and manufacturing of coded and non-coded process equipment including pressure vessels, heat exchangers, reactors, modular packages, and process skids sold as fabricated products to clients globally.
3. Clean Energy Solutions: Development and execution of clean energy projects including green hydrogen production facilities, CCUS installations, and waste-to-energy plants, often in partnership with technology providers and funded through project-based contracts.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Oswal Energies Limited is an Engineering, Procurement & Construction (EPC) company delivering integrated oil & gas infrastructure projects (pipelines, surface facilities, gas processing plants, early production facilities, gas dehydration units) and manufacturing precision process equipment and modular skids for refineries, petrochemicals, fertilizers, power, and steel industries. The company is expanding into clean energy solutions encompassing green hydrogen production via electrolysis, carbon capture utilization and storage (CCUS), and waste-to-energy through its proprietary Plasma Enhanced Gasification System (PEGS) technology.

Product overview

Oswal Energies Limited is an Engineering, Procurement & Construction (EPC) company offering integrated solutions across the oil & gas and clean energy sectors. The portfolio consists of two main divisions: the Project Division (delivering turnkey EPC projects including Oil & Gas Pipelines, Surface Facilities, Gas Processing Plants, Early Production Facilities, and Gas Dehydration Units) and the Heavy Engineering Division (manufacturing process equipment including Pressure Vessels, Heat Exchangers, Reactors, Process Skids, and Modular Packages). The Clean Energy vertical covers Green Hydrogen production, Carbon Management (CCUS), and Waste-to-Energy solutions using PEGS technology. The company serves clients globally across upstream, midstream, and downstream oil & gas segments along with chemicals, fertilizers, refineries, petrochemicals, power, and steel industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil & Gas Pipelines End-to-end EPC execution for cross-country and onshore pipeline infrastructure, including conceptual schemes, feasibility studies, route surveys, design, engineering, procurement, construction supervision, and project management across difficult terrain (steep hills, forests, urban areas, environmentally sensitive zones).
• Gas Dehydration Unit Gas dehydration units that efficiently remove moisture from natural gas streams using TEG/MEG/DEG absorption technology to meet stringent pipeline standards, available in various capacities including modular configurations.
• Early Production Facilities (EPF) Custom-built early production facilities for fast-track oil field monetization, pre-engineered for heavy and light crude, sour and sweet crude, with in-house design and manufacturing capability for quick relocation.
• Gas Processing Plant Gas compressor stations and processing facilities maintaining natural gas pressure across long-distance pipelines, including plant startup support, troubleshooting, training, and revamp services to increase capacity.
• Surface Facilities EPC solutions for oil and gas treatment surface facilities from wellhead to manifolds, including wellhead facilities, oily water treatment, pipeline systems, central process facilities, booster stations, and degassing stations.
• Green Hydrogen Production Green hydrogen production engineering using advanced electrolysis systems powered by renewable energy sources, including system design, sourcing high-quality materials, and safe installation.
• Carbon Management (CCUS) Carbon Capture, Utilization and Storage (CCUS) technologies for monitoring, reducing, and managing carbon emissions, including engineering of efficient and scalable systems, procurement and integration, and conversion of captured CO2 into valuable products.
• Waste-to-Energy (PEGS) Technology-driven solutions converting municipal, industrial, biomedical, and hazardous waste into recoverable energy products including power, methanol, ethanol, and hydrogen using Plasma Enhanced Gasification System (PEGS) technology with zero pollution and zero landfill.
• Process Equipment Precision-manufactured coded and non-coded process equipment including pressure vessels, storage tanks, shell & tube heat exchangers, separators, fabricated pipe spools, pig launchers and receivers, reactors, and columns for refineries, petrochemicals, fertilizers, power, and steel sectors.
• Process Skids Modular process skids including gas pressure reducing skids, manifold skids, gas metering skids, chemical injection/dosing skids, gas treatment skids, lube oil skids, gas conditioning skids, gas filtration skids, condensate recovery skids, valve stations, and separator skids.
• Modular Packages Advanced modular skid solutions for control systems in power stations and oil and gas processing plants, prefabricated offsite to reduce manufacturing time and cost while ensuring top-notch quality and efficiency.

Quantifiable outcome

• 20M+ safety hours achieved across all project operations
• +4 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• Deendayal Port AuthorityflagshipStrategic or Co-development Partner · 1 December 2025Oswal Energies signed an MoU with Deendayal Port Authority to develop green hydrogen, methanol, ammonia, and a 100 MLD (Million Liters per Day) desalination plant project. This is a significant strategic initiative supporting India's clean energy and water security goals.
• Greenzo Energy IndiacoreStrategic or Co-development Partner · 1 June 2025Oswal Energies partnered with Greenzo Energy India for a Rs. 320 crore green hydrogen project in Gujarat. Greenzo Energy is providing 1 MW electrolyser stack technology as part of this project. The project was officially launched in June 2025 with Greenzo Energy investing Rs. 320 crores into green energy production in Gujarat.
• Sinclair Energy Partners LtdcoreTechnology or IntegrationSinclair Energy Partners Ltd is a UK-based technology and capital project development company specializing in deep offshore E&P, unconventionals, green hydrogen derivatives, and geological subsurface white hydrogen. They have presence in Norway, Germany, and USA. Oswal Energies has formed an alliance with Sinclair for hydrogen technology at India Energy Week 2025.
• EnerSol Technologies InccoreTechnology or IntegrationEnerSol Technologies Inc is a US-based technology company that converts waste and biomass into valuable, environmentally benign byproducts using its Plasma Enhanced Gasification System (PEGS®), which combines mass gasification, vitrification, and plasma torch technology to produce high-quality syngas. Oswal Energies is an ally leveraging this technology for waste-to-energy projects.
• Arab Tanker ServicesminorGTM or Marketing PartnerOswal Energies partnered with Arab Tanker Services to advance EPC and DBO (Design, Build, Operate) solutions across global energy corridors, enabling both companies to expand their service offerings in the energy sector.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• TechnipFMC plc: Global oil & gas EPC and equipment provider covering subsea, onshore, and surface facilities. Comparable to Oswal Energies on process skids, gas processing plants, and modular construction for upstream and midstream projects.
• Tata Projects Limited: Indian diversified EPC company executing oil & gas, power, and infrastructure projects. Comparable to Oswal Energies on EPC execution for industrial clients and on heavy engineering fabrication of process equipment.
• Petrofac Limited: Global EPC and operations services provider to the oil & gas industry. Directly comparable to Oswal Energies' oil & gas EPC and modular process package offerings, including surface facilities and gas processing.
• Thermax Limited: Indian process equipment and EPC company with strong heat exchanger and boiler manufacturing base. Directly comparable to Oswal Energies' heavy engineering division and process equipment product line.
• Saipem S.p.A. Italian global EPC contractor for oil & gas, refineries, and emerging energy transition projects. Comparable to Oswal Energies' full-spectrum EPC capabilities and clean energy (hydrogen and CCUS) ambitions.
• L&T Hydrocarbon Engineering (LTHE): Subsidiary of Larsen & Toubro executing large-scale oil & gas EPC projects globally. Directly comparable to Oswal Energies' project division on onshore oil & gas processing, pipeline, and refinery EPC scope, though at materially larger scale.
• McDermott International: Global EPC provider for energy infrastructure including offshore, onshore, and process technology. Comparable to Oswal Energies on gas processing, surface facilities, and modular process packages for international oil majors.
• Praj Industries Limited: Indian EPC and technology company focused on ethanol, biofuels, and clean energy plants. Comparable to Oswal Energies on clean energy project execution (waste-to-energy, biofuels) and modular process plant delivery.
• Engineers India Limited (EIL): Indian government engineering consultancy and EPC contractor for refineries, petrochemicals, and pipelines. Comparable to Oswal Energies on engineering-led EPC for downstream oil & gas and refinery clients in India.
• John Wood Group: Global engineering and consulting company serving energy and built environment. Comparable to Oswal Energies' engineering scope for oil & gas and emerging energy transition projects across multiple geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/oswal_energies
• YouTubeyoutube.com/@oswalenergieslimited
• Facebookfacebook.com/oswalinenergieslimited
• LinkedInlinkedin.com/company/oswal-energies-limited
• Instagraminstagram.com/oswalenergieslimited

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oswal Energies Limited