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Confidence Petroleum India Ltd.

BSE: 526829 Sector: Others
NSE: N.A. ISIN Code: INE552D01024
BSE LIVE 15:40 | 05 Dec 7.73 -0.23
(-2.89%)
OPEN

7.82

HIGH

8.18

LOW

7.57

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 7.82
PREVIOUS CLOSE 7.96
VOLUME 155078
52-Week high 12.16
52-Week low 4.54
P/E 64.42
Mkt Cap.(Rs cr) 200.05
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 7.82
CLOSE 7.96
VOLUME 155078
52-Week high 12.16
52-Week low 4.54
P/E 64.42
Mkt Cap.(Rs cr) 200.05
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Confidence Petroleum India Ltd. (CONFIDENCEPETRO) - Chairman Speech

Company chairman speech

Dear Shareholders

On behalf of the Board of Directors of your Company Confidence Petroleum India LimitedI am pleased to address you the completion of another year of significant progress andachievements.

Over the period of Sixty years of independence India has made remarkable progress invarious sectors including the fuel sector. We are proud to be a prominent name in thisgrowth. CPIL & its associate companies have strong presence in LPG (LiquefiedPetroleum Gas) & allied business like Cylinder Manufacturing Bottling Assistance toOIL Major PSU CNG & High Pressure Cylinder Manufacturing Auto LPG DispensingStations LPG blending LPG Cylinders Maintenance crude distillation LPG/CNG engineeringservices and logistics streams. The group is among the largest manufacturers of LPG/CNGcylinders in India and also has a cylinder manufacturing unit in Indonesia. We are India'sleading private sector bottler with 51 bottling plants across PAN India with a vision tocommission many more plants in near future. "Go Gas" is the brand name of LPGsupplied and marketed by Confidence Petroleum all over India. As the name signifies youcan GO to everyplace by means of GAS as fuel.

Confidence Petroleum India Limited with its entrepreneurial skills innovativestrategies and seamless execution is emerging as one of the fastest growing and leadingprivate sector organization in India. The group has diversified business interests in thefuel sector with significant presence in the LPG Energy. Keeping space with the nation'senergy requirements the company is constantly fueling its growth and has emerged asIndia's leading LPG bottler & LPG cylinder manufacturing company. The Group has alsosuccessfully set up around 100 ALDS of its own and 250 more will be set up in near futureitself. The Group has also made its presence overseas & in the Middle East and hassigned MOUs with reputed companies for joint venture. The Group's prime clientele areNation's Navratna PSU Oil Companies viz. Hindustan Petroleum Corporation Limited BharatPetroleum Corporation Limited & Indian Oil Corporation Limited and a large number ofprivate sector clientele which include country's giant industrial houses like RelianceShell etc.

During the year 2014-15 The management faced competition and dilemma in decisionmaking while administrating the affairs of the company. The stiff competition in themarket and increase in cost of Purchases drastically dropped the company's bottom line.Although the top line was enhanced and production was consistent as compared to theprevious year. The destruction due to the Hud-Hud Cyclone piled on to the losses and hencethere were not any profits during the year.

The company has taken up various new projects in Bottling Business segment of theCompany & valuable focus has been placed in all of its various Divisions. Ouroperations with a slight taste of diversification will lead to additional revenue to thecompany in future and will also help minimizing overall costs.

During the period. The company on account of LPG Cylinders Manufacturing hasmanufactured cylinders of all sizes including 4-14 15-17 21-35 Kg in capacity &. Theproduction during the year crossed 12 Lacs & it will increase over the time withadvanced technology adopted by the Company. The technical capability of the ConfidenceGroup is clearly visible by the fact that till the period your company has more than 100Auto LPG dispensing stations (ALDS) & 51 Bottling plants across India & planningto increase the same in coming period of time. To back the needs of our ALDS &Bottling plants we have our own fleet of around 35 nos. of road tankers with a combinedload movement capacity of about 500 tons per day. Apart from our Indian Operations ourplants in Indonesia & and other international technical tie-ups help us to staytechnically updated in the ever-growing Energy sector.

We at Confidence Group are committed to the safety and satisfaction of our customers byunderstanding their requirements and to supply them with world class quality productsthrough continuous innovation Confidence Group are committed to continuous innovation.

I heartily thank the Board of Directors for their extra-ordinary support &appreciate the work of all the employees and workers at all levels. I also thank all thestakeholders for their support & wish to receive such support in future. I assure youa sheer focus on the business & that the growth of our business will be clearlyvisible to you.

Sincerely Nitin Khara

Chairman and Managing Director

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