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Confidence Petroleum gains after its arm takes over 75% equity in Sarju Impex

Confidence Petroleum India Ltd. | Trading | Miscellaneous | BSE: 526829 | NSE: CONFIPET

01 Jun 2021 Evaluate

Confidence Petroleum India is currently trading at Rs. 61.20, up by 0.45 points or 0.74% from its previous closing of Rs. 60.75 on the BSE.

The scrip opened at Rs. 61.90 and has touched a high and low of Rs. 61.90 and Rs. 59.80 respectively. So far 73858 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 68.25 on 18-May-2021 and a 52 week low of Rs. 17.20 on 05-Aug-2020.

Last one week high and low of the scrip stood at Rs. 67.30 and Rs. 59.80 respectively. The current market cap of the company is Rs. 1714.01 crore.

The promoters holding in the company stood at 57.41%, while Institutions and Non-Institutions held 6.32% and 36.27% respectively.

Confidence Petroleum’s subsidiary company -- Confidence Futuristic Energetech has taken over 75% equity of Sarju Impex situated at Dahej SEZ in the state of Gujarat. The unit is operational and is engaged in the activity of manufacturing of high pressure oxygen and CNG cylinders.

The unit has the capacity to manufacture 1,80,000 high pressure oxygen and CNG cylinders per annum. The acquisition is also a major step towards the integration plans within the CNG value chain and assist the CGD companies to expand their a station network through cascades and ensuring availability of CNG cylinders for automobile vehicle. Ensuring green and clean fuel is within reach of every citizen.

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

52.67 0.05 (0.10%)

17-Apr-2026 16:59 View Price Chart

Peers

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Amrapali Industries	17.53
Rashi Peripheral	455.25
PDS	301.45
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Confidence Petroleum gains after its arm takes over 75% equity in Sarju Impex

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