Confidence Petroleum begins supply of LPG cylinders to IOCL, BPCL & HPCL
Mumbai   10-Aug-2010

Confidence Petroleum India today announced that it has begun the supply of LPG cyclinder to IndianOil (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) from Mumbai, Khopoli, Halol (Guj.) Kalmeshwar (Nagpur), Saoner (Nagpur) units.

The aforesaid is execution of orders worth Rs 1.64 billion for supply of 1,371,101 LPG Cylinders of capacity 14.2 KG and 19 kg.

The company's 100% subsidiary Andhra Cylinders, Hyderabad has also started supplying cylinders against the prestigious order received worth Rs  182.4 million  for supply of 146,000 of 14.2 and 19 kg cylinders.

Shares of the company gained Rs 1.61, or 19.26%, to settle at Rs 9.97. The total volume of shares traded was 3,218,036 at the BSE (Tuesday).