Confidence Petroleum commissions 10 new LPG dispensing stations in four states

Image
Capital Market
Last Updated : Nov 24 2022 | 12:50 PM IST

Confidence Petroleum India said that it has added 10 new auto LPG dispensing stations to its existing fleet, taking the total count to 219 auto LPG dispensing stations.

Among the 10 LPG dispensing stations, 6 are in Tamil Nadu, 2 in Maharashtra, 1 in Karnataka and 1 in Telangana.

Confidence Petroleum India is engaged in LPG cylinder manufacturing, LPG bottling & blending, and running auto LPG dispensing stations.

The company's consolidated net profit declined 27.89% to Rs 24.12 crore on a 7.51% rise in sales to Rs 460.67 crore in Q2 FY23 over Q2 FY22.

The scrip rose 0.80% to currently trade at Rs 81.80 on the BSE.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 24 2022 | 12:25 PM IST

Next Story