Confidence Petroleum India (CPIL) has acquired 99.99% of the equity share capital i.e. 22,50,000 equity shares of face value of Rs 10 each of Punjab Petroleum Corporation (PPCL). Consequentially, Punjab Petroleum Corporation will be a Subsidiary of the Company with effect from July 1, 2024.
The company and PPCL both belongs to Gas and Petroleum Industry and engage in the business of LPG bottling and Cylinder Manufacturing.
Confidence Petroleum India 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.
