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Confidence Petroleum India Ltd.

BSE: 526829 Sector: Others
NSE: N.A. ISIN Code: INE552D01024
BSE LIVE 15:40 | 18 Aug 16.75 -0.45
(-2.62%)
OPEN

17.10

HIGH

17.40

LOW

16.60

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 17.10
PREVIOUS CLOSE 17.20
VOLUME 196174
52-Week high 18.36
52-Week low 6.51
P/E 79.76
Mkt Cap.(Rs cr) 433
Buy Price 16.75
Buy Qty 400.00
Sell Price 0.00
Sell Qty 0.00
OPEN 17.10
CLOSE 17.20
VOLUME 196174
52-Week high 18.36
52-Week low 6.51
P/E 79.76
Mkt Cap.(Rs cr) 433
Buy Price 16.75
Buy Qty 400.00
Sell Price 0.00
Sell Qty 0.00

Confidence Petroleum India Ltd. (CONFIDENCEPETRO) - Chairman Speech

Company chairman speech

Dear Shareholders

I am both delighted and honored to address you on behalf of the Board of Directors onthe occasion of this Twenty Second Annual General Meeting of your Company. I am pleased toshare that despite testing times your Company- Confidence Petroleum India Limited hasdelivered good operational results and it is my immense pleasure to share the noteworthyperformance of your Company for the Financial Year 2015-16.

Confidence Petroleum India Ltd manufactures LPG and Auto LPG cylinders and marketscommercial LPG. It has evolved from manufacturing LPG cylinders to becoming India's one oflargest LPG bottling provider and is now aggressively expanding its growing auto LPGdispensing stations (ALDS) business.

The Net operating revenue for the Financial Year 2015-16 has reached Rs. 35194.85 Lacsas compared to Rs. 26757.84 Lacs in the preceding Financial Year. Your Company has shownremarkable resilience by achieving a Profit after Tax of Rs.186.70 Lacs in the Year underreview as compared to a loss of Rs. 2303.35 Lacs due to the hurdles faced in the smoothbusiness operations of the Company.

Low oil and gas prices made fiscal year 2015-16 one of the most demanding years forConfidence Petroleum India Limited and the entire sector. A continual enhancement inproductivity has been one of the key factors for the resilience of the Company and I amhappy to share that Confidence Petroleum India Limited in line with global companies hasalso achieved notable improvements in productivity which will aid future growth.

Leveraging our potential I am glad to inform that the Confidence group has also made itpresence overseas and has diversified its business interests in the fuel sector andsignificant increase in the LPG division and ALDS division. Given the aggressive trackrecord of the company in commissioning

ALDS coupled with attractive industry prospects we believe that your Company would beable to substantially increase its ALDS business over the next three-four years.

On behalf of the entire Board I deeply appreciate all our employees for theirdiligence and continued support. I also take this opportunity to thank my Board colleaguesfor their valuable guidance and active support. Finally I would like to thank ourshareholders for their enduring support. I am confident and assure you of the Companybeing among the leaders and a pivot directing the energy sector and player in thepetroleum industry.

Yours Sincerely

Nitin Khara

Chairman & Managing Director