Confidence Petroleum India Ltd secures bottling assistance contracts from PSUs

Confidence Petroleum India Limited is pleased to announce that it has been awarded bottling assistance contracts from prominent Public Sector Undertakings (PSUs) - Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and Indian Oil Corporation Limited (IOCL).

The company 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.

The above contracts, reinforcing the company's leadership in the LPG bottling segment and further strengthening its association with India's top oil marketing companies.These long-term agreements highlight the company's operational capabilities, nationwide infrastructure, and proven track record in safe and efficient LPG bottling.

The total contract value is Rupees 42.09 Crore.

Shares of Confidence Petroleum India Limited was last trading in BSE at Rs. 55.81 as compared to the previous close of Rs. 57.00. The total number of shares traded during the day was 147447 in over 1402 trades.

The stock hit an intraday high of Rs. 58.30 and intraday low of 54.86. The net turnover during the day was Rs. 8306783.00.

Source : Equity Bulls

Keywords

ConfidencePetroleumIndia INE552D01024 BottlingAssistanceContracts PSUs BPCL HPCL IOC