Continental Petroleums gets nod to take loan worth Rs 2 crore

Continental Petroleums Ltd. | Refineries | Oil & Gas | BSE: 523232 | NSE:

26 Feb 2018 Evaluate

Continental Petroleums has received an approval to take Loan Amounting to Rs 2 crore for the purpose of purchasing the additional Plant and machinery to enhance business operations of the company. The Board of the company at their meeting held on February 24, 2018, approved the same.

Further, the board has decided to take the loan from HDFC Bank (Ashok Marg, C-Scheme, Jaipur Rajasthan branch).

Continental Petroleums a listed company at the Mumbai Stock Exchange had set up a most modern plant at Behror, RIICO Industrial Area in Rajasthan during 1988-89 to manufacture various kinds of Lubricants & Greases for Automotive & Industrial application.

Peers

Company Name	CMP
Reliance Industries	1226.00
Indian Oil Corpn.	135.80
Bharat PetroleumCorp	307.55
HPCL	351.50
MRPL	164.85
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