The contracts include assistance for bottling 3 lakh cylinders for BPCL at Kollam and 1.2 lakh cylinders for HPCL at Trivandrum, both with a contract duration of 10 years. Additionally, the company will assist in bottling 90,000 cylinders for IOCL at Murbad over a three-year term.
The company said that it has already participated in the tender issued by IOCL for Sarangpur and has been shortlisted for the same. The Letter of Intent (LOI) is expected to be issued shortly, confirming the allocation.
Confidence Petroleum India is a fully integrated LPG & CNG company. Its segments include LPG Cylinder Manufacturing and auto LPG and CNG dispensing stations.
The company’s consolidated net profit surged 129.61% to Rs 22.80 crore on 46.67% jump in revenue from operations to Rs 924.81 crore in Q4 FY25 over Q4 FY24.
The counter declined 9.35% to Rs 50.59 on the BSE.
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."