Confidence Petroleum Ltd listed on NSE
| Date :14-Jun-2019 |
Business Bureau:
Confidence Petroleum India Limited, a leading BSE listed company’s shares listed on NSE from June 13. CPIL listing on NSE will be helpful to investors. As NSE branches are spread nationally the investors have enhanced opportunity of trading thereby CPIL shares gaining better liquidity due to broader exposure and overview. Nitin Khara, CMD of CPIL, said listing of company’s equity shares on NSE with 27383500 volume is a proud moment. With NSE listing, company is committed to take steps to create immense value for its shareholders. CPIL believes in growing together and bringing value to its investors.
The path is full of challenges and we are confident to achieve our growth plans seamlessly, he added. NSE listing will be helpful to investors. NSE branches being spread nationally investors have enhanced opportunity of trading nationally. Company is progressing well and we are fully confident of achieving the desired growth in couple of years. Company’s all verticles especially the auto LPG and packed LPG marketing under brand ‘GoGas’ & ‘GoGas Elite’ are now a reputed leading national brand and are doing well. The company has good orders for its LPG cylinders from OMCs and entered export business also. It is providing LPG bottling assistance to Navratna national PSU Oil Companies HPCL, BPCL besides RELIANCE, AEGIS etc., in the private sector. President (Corporate),Vimal Parwal, said, “The company is progressing quarter to quarter and in coming period we will achieve the set benchmark.
The company is progressing in auto LPG and packed LPG under the brand ‘GoGas’ and ‘GoGas Elite’, which are receiving overwhelming response.” Besides, the company has also started export business of its LPG cylinders to neighbouring countries. The company is having readymade infrastructure of 15 LPG cylinder manufacturing plants, 58 LPG bottling plants and around 200 auto LPG dispensing stations across the country. “We are ready to grap opportunities in the level playing field with our presence across the nation. congratulations to all investors on CPIL listing on NSE,” he further said. CPIL is a BSE listed company with approx market cap of Rs 1139 crore. It is a leading LPG cylinder manufacturer with 15 LPG cylinder manufacturing units across the nation.
The LPG cylinders are supplied to national PSU oil majors viz. Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, Indin Oil Corporation Limited and Reliance Industries Limited in private sector. Besides CPIL also enjoys export business of its LPG cylinders. CPIL is also a leading private LPG bottler and marketer of LPG. It is catering the bottling needs of national PSU Oil companies viz. Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited so also to Reliance Industries Limited, Aegis Logistics Limited, in private sector. The company is selling LPG in packed cylinders under the brand name ‘GoGas’ and ‘GoGas Elite’, which received overwhelming response and is a reputed national brand. CPIL has commissioned around 200 auto LPG dispensing stations PAN India and providing auto fuel to three wheelers and four wheelers under the brand name ‘GoGas’. GoGas Auto LPG of CPIL is a leading brand and the company is progressing rapidly in auto LPG field. CPIL is contributing a lot in saving environment by reducing vehicular pollution by promoting of Green fuel.
