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Confidence Petroleum India Ltd.

BSE: 526829 Sector: Others
NSE: N.A. ISIN Code: INE552D01024
BSE 00:00 | 19 Apr 42.55 -0.95
(-2.18%)
OPEN

43.00

HIGH

44.15

LOW

42.05

NSE 05:30 | 01 Jan Confidence Petroleum India Ltd
OPEN 43.00
PREVIOUS CLOSE 43.50
VOLUME 746221
52-Week high 45.90
52-Week low 7.70
P/E 62.57
Mkt Cap.(Rs cr) 1,101
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 43.00
CLOSE 43.50
VOLUME 746221
52-Week high 45.90
52-Week low 7.70
P/E 62.57
Mkt Cap.(Rs cr) 1,101
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

It is with great pride and immense pleasure that I present to you the 23rdAnnualReport on the performance of your company for the year 2016-17.

I am both delighted and honored to address you on behalf of the Board of Directors asthis was a year of continuous transformation towards higher performance of your company bycreating value for customers. The company scaled new peaks in terms of profitabilitymarket sales and return to shareholders. The profit after tax for the year on Standalonebasis crossed Rs. 500 lacs. Despite various government norms and economical conditionsduring the year your Company- Confidence Petroleum India Limited has delivered excellentperformance and it is my immense pleasure to share the stellar performance of your Companyfor the Financial Year 2016-17.

Confidence Petroleum India Limited has evolved from manufacturing LPG cylinders tobecoming India's one of the largest LPG bottling provider PSU's (HPCL BPC1 IOCL etc..)and is now aggressively expanding its growing auto LPG dispensing stations (ALDS)business. Confidence Petroleum's "Go Gas" Auto LPG Retail Chain is one of thelargest Standalone Chain in India.

Confidence Group is one of the emerging organizations in the field of auto LPG inIndia. With 110 Stations spread across Karnataka Maharashtra Andhra Pradesh GujaratRajasthan Chandigarh West Bengal Tamil Nadu and Dealer owned operations in UttarPradesh. Confidence Petroleum's packed LPG marketing is now present in Maharashtra AndhraPradesh Telangana TamilNadu Chhattisgarh Madhya Pradesh Gujarat West BengalJharkhand Rajasthan Goa Karnataka with a brand name Go gas.

The year gone by was challenging for the Global Oil and Gas Industry oil deficit woesin the Gulf low crude oil prices interplay between economic political and social forcesand advent of digital technologies to drive down costs your Company's resilient effortslike installation of LPG Plants coupled with strategic and judicious expansion of networkhelped us leverage the opportunity of increased demand and increase our sales by about 38%in 2016-17 on standalone basis. In support of Digitalisation initiative of Government ofIndia the company has covered nearly 70 pumps with swipe machine and PayTM.

Your Company is in a continuous enhancement mode in productivity and capitalizing onthe opportunities available. I am delighted to inform that Confidence Petroleum IndiaLimited in line with global advancements is also ushering towards growth and notableimprovements in productivity thus paving way for future growth prospects. With the Companyestablishing its presence overseas and diversifying its business operations in the LPGdivision and ALDS division nationally we believe the Company will be growingsubstantially and making a mark over the ALDS industry as a prominent leader in the yearsto follow.

Our customers employees business associates and shareholders have always been asource of strength and I thank them for their continued trust and support. On behalf ofthe entire Board I deeply appreciate

all our employees for their diligence and co-operation and thank my Board colleaguesfor their valuable guidance and active support. We look forward to your continued supportfor our shared success.

Yours Sincerely

Nitin Khara

Chairman & Managing Director