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Confidence Petroleum India Ltd.

BSE: 526829 Sector: Others
NSE: N.A. ISIN Code: INE552D01024
BSE 00:00 | 17 Jul 50.50 1.30
(2.64%)
OPEN

49.90

HIGH

51.00

LOW

48.50

NSE 05:30 | 01 Jan Confidence Petroleum India Ltd
OPEN 49.90
PREVIOUS CLOSE 49.20
VOLUME 185702
52-Week high 56.50
52-Week low 14.90
P/E 51.53
Mkt Cap.(Rs cr) 1,307
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 49.90
CLOSE 49.20
VOLUME 185702
52-Week high 56.50
52-Week low 14.90
P/E 51.53
Mkt Cap.(Rs cr) 1,307
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Confidence Petroleum India Ltd. (CONFIDENCEPETRO) - Company History

Incorporated in Jul.'94 as a private limited company, Deversa Gas-Chem was converted into a limited company in Sep.'94. The company was promoted by Ashok Jain and Narendra Mohnot. The company came out with a public issue in Feb.'95 to set up two LPG bottling plants near Pali and Udaipur in Rajasthan. The installed capacity is 7200 tpa each with a total capacity of 14,400 tpa.Commercial production at Pali commenced in Mar.'95. It launched its product in the Devarsa Gas brand name, in Rajasthan. In Mar.'96, the company commenced commercial production at its second bottling plant at Udaipur. In 1995-96, the it launched a 25-kg gas capacity cylinder for the first time in India for the commercial and industrial segment. To ensure better utilisation of its bottling plants, the Company is doing contract filling of cylinders of other companies on jobwork basis alongwith bottling of own branded cylinders.