Confidence Petroleum acquires 25% stake in Blue Flame Industries

11 Sep 2018 Evaluate

Confidence Petroleum India has acquired 25% stake in Blue Flame Industries. With this the company has attained the holding of 75% stake in Blue Flame Industries.

Blue Flame industries having cylinder manufacturing plant at Jharkhand has an installed capacity of 6 lakhs LPG cylinders per annum mainly for supply to PSU Oil companies.

Confidence Petroleum is an India-based manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use. The Company is engaged in the sale of cylinder, LPG bottling, and filling/DPT/transport.

Confidence Petroleum Share Price

84.00 -0.95 (-1.12%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
GAIL India 181.50
Petronet LNG 262.10
Linde India 6409.35
Confidence Petroleum 84.00
Refex Industries 133.80
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