Confidence Petroleum bags ₹36.64 cr order from HPCL

Mumbai: Confidence Petroleum India on Monday announced that two of its units have received orders worth ₹ 36.64 crore from Hindustan Petroleum Corporation for supply of LPG cylinders.

Confidence Petroleum’s Khopoli Cylinder manufacturing unit and Andhra Cylinders, a unit of Envy Cylinders, have bagged the orders, the company said in a filing to the Bombay Stock Exchange (BSE).

The work is to be executed by April, 2011, it added.

Confidence Petro is also expecting further orders from HPCL for its Bazpur (Uttaranchal), Kalmeshwar (Nagpur) and Saoner (Nagpur) units.

Shares of the company were trading at ₹ 18.40, up 7.92% from the previous close on BSE.