Confidence Petroleum acquires 25% stake in Blue Flame Industries

11 Sep 2018

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.

Related Confidence Petroleum India Ltd. Links:

Confidence Petroleum Share Price

42.90 -0.30 (-0.69%) Feb 26, 18:55
1 Year Price Chart
Peers
Company Name CMP
GAIL India 141.75
Petronet LNG 256.20
Indraprastha Gas 492.75
Linde India 1556.95
Confidence Petroleum 42.90
View more..
Sensex vs Confidence Petroleum
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback