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CONFIDENCE PETROLEUM INDIA LTD.

22 January 2025 | 09:54

Industry >> LPG/CNG/PNG/LNG Bottling/Distribution

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ISIN No INE552D01024 BSE Code / NSE Code 526829 / CONFIPET Book Value (Rs.) 38.80 Face Value 1.00
Bookclosure 30/09/2024 52Week High 120 EPS 3.05 P/E 23.65
Market Cap. 2397.45 Cr. 52Week Low 63 P/BV / Div Yield (%) 1.86 / 0.14 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Devarsa Gas-Chem Private Limited was incorporated on 21st July, 1994 as a Private Limited Company. The Company was subsequently converted to a Public Limited Company and the name was changed to Devarsa Gas-Chem Limited vide special resolution passed on 30/09/1994. A fresh Certificate of Incorporation subsequent to the change of name on conversion was obtained from the Registrar of Companies, Maharashtra dated 28th October, 1994.

2005 -Company has splits its Face value of Shares from Rs 10 to Re 1

2006

-Company has changed its name from Devarsa Gas-Chem Ltd. to Confidence Petroleum Ltd.                                                  
                                                     
2008
-Confidence Petroleum India Ltd has informed that the Company has entered into a joint venture with Energtek Inc.

2009

- Confidence Petroleum India Ltd has informed that contract worth Rs 42.89 crores has been awarded by M/s. Hindustan Petroleum Corporation Ltd (Rs 37.70 Crore) & M/s. Indian Oil Corporation (Rs 5.19 Crores) to the Khopoli Cylinder Manufacturing Plant, a Unit of Cylinder Division of the Company, for supply of LPG Cylinders. The contract is to be executed on or before March 31, 2010.

2010

- Confidence Petro - Company started supply of LPG Cylinders to IOCL, BPCL & HPCL against orders.

- Confidence Petro - Grant of License for LPG Parallel Marketing by Indonesian Government to Company's subsidiary.

- Confidence Petro has acquired Bangalore based oil and gas services provider Sneha Petroleum.

- Confi.Petro - Commissioned 4 more Auto LPG Dispensing Stations.

- Confi.Petro - Bagged prestigious turnkey contract worth 8.25 crores by SAIL.

- Confi.Petro - Bagged contract for 11 Auto LPG Dispensing Stations (ALDS) from IOCL.

- Confi.Petro - Bags Order worth Rs. 40 Crores from BPCL for Supply of LPG Cylinders.

- Confi.Petro - Confidence Petroleum signs global JV for Gas Meters with Zhejiang Chint Instrument & Meter Co. Ltd, China.

-"Confidence Petro takes over 'Vedant LPG Venture' - A Cylinder Manufacturing Plant at Raipur (C.G.)"

2011

- Confi.Petro - HPCL Awarded contract of LPG Bottling.

- Confi.Petro - BPCL conferred Bottling Contract for LPG Bottling on Ujjain LPG Bottling Plant.

- Confi.Petro - BPCL awarded additional orders worth Rs. 59.8 crores.

2013

-Mr. Jigar Vijaykumar Vora has been appointed as a Independent Director of the Company.

2019 -Company's Project Division Bagged contract for Commissioning CNG Dispensing Stations.

2021

Confidence Enterprises Pvt Ltd (100% Subsidiary Of Confidence Futuristic Energetech Limited) Has Start Dear Sir,
With immense pleasure we would like to inform you that Confidence Enterprises Pvt Ltd (100% subsidiary of Confidence Futuristic Energetech Limited a subsidiary of Confidence Petroleum India Limited) has started project work to manufacture High Pressure cylinder (Oxygen, Industrial gases and CNG ) at MIDC Umred near Nagpur.

2022

Confidence Bagged prestigious LOA for Supply of 75 unitsCNG Cascades (Type-1) for BPCL/BGRL city gas distribution project at 17 geographicalareas worth Rs. 228075120/-