Confidence Petroleum receives contract from Indian Oil Corporation Ltd

Confidence Petroleum India Ltd has announced that the Company has been awarded with contract for providing logistical support to M/s. Indian Oil Corporation Ltd at Gwalior and Jabalpur in Madhya Pradesh.

Subsequent to award of aforesaid contracts the Company shall provide LPG Bottling assistance to M/s. Indian Oil Corporation Ltd at Gwalior (Madhya Pradesh) from the Company's Gwalior LPG Bottling Plant to the tune of 18000 MT per annum.

Further the Company has informed that, the Company shall also provide LPG Bottling assistance to M/s. Indian Oil Corporation Ltd at Jabalpur (Madhya Pradesh} from Company's Jabalpur LPG Bottling Plant to the tune of 18000 MT per annum.

The stock was trading at Rs.8.41, up by Rs.0.40 or 4.99%. The stock hit an intraday high of Rs.8.41 and low of Rs.8.02. The total traded quantity was 162402 compared to 2 week average of 333824.

Source : Equity Bulls

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