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The contracts include assistance for bottling 3 lakh cylinders for BPCL at Kollam and 1.2 lakh cylinders for HPCL at Trivandrum, both with a contract duration of 10 years. Additionally, the company will assist in bottling 90,000 cylinders for IOCL at Murbad over a three-year term.
The company said that it has already participated in the tender issued by IOCL for Sarangpur and has been shortlisted for the same. The Letter of Intent (LOI) is expected to be issued shortly, confirming the allocation.
Confidence Petroleum India is a fully integrated LPG & CNG company. Its segments include LPG Cylinder Manufacturing and auto LPG and CNG dispensing stations.
The company’s consolidated net profit surged 129.61% to Rs 22.80 crore on 46.67% jump in revenue from operations to Rs 924.81 crore in Q4 FY25 over Q4 FY24.
The counter declined 9.35% to Rs 50.59 on the BSE.
GACM Technologies Ltd-DVR, Confidence Petroleum India Ltd, Digitide Solutions Ltd and Tamil Nadu Telecommunications Ltd are among the other losers in the BSE's 'B' group today, 27 June 2025.
Capital India Finance Ltd tumbled 12.91% to Rs 37.17 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 6.11 lakh shares were traded on the counter so far as against the average daily volumes of 82941 shares in the past one month.
GACM Technologies Ltd-DVR lost 9.80% to Rs 0.92. The stock was the second biggest loser in 'B' group.On the BSE, 284.48 lakh shares were traded on the counter so far as against the average daily volumes of 2.91 lakh shares in the past one month.
Confidence Petroleum India Ltd crashed 8.62% to Rs 51. The stock was the third biggest loser in 'B' group.On the BSE, 6.41 lakh shares were traded on the counter so far as against the average daily volumes of 70229 shares in the past one month.
Digitide Solutions Ltd plummeted 6.96% to Rs 202.4. The stock was the fourth biggest loser in 'B' group.On the BSE, 1.09 lakh shares were traded on the counter so far as against the average daily volumes of 48454 shares in the past one month.
Tamil Nadu Telecommunications Ltd dropped 6.24% to Rs 11.26. The stock was the fifth biggest loser in 'B' group.On the BSE, 17534 shares were traded on the counter so far as against the average daily volumes of 33745 shares in the past one month.
With these additions, CPIL has now successfully established 50 CNG stations in Bangalore— halfway toward its target of 100 stations.