Confidence Petroleum India Ltd bags another contract for setting-up CNG MRUs

Confidence Petroleum India Ltd has bagged another contract for setting-up CNG MRUs (Mobile Refueling Units) on build & operate basis from Central U.P. Gas Limited (CUGL) besides the earlier contracts from Maharashtra Natural Gas Limited (MNGL), Pune & Avantika Gas Limited (AGL), Indore. CUGL is a joint venture of GAIL (India) Limited & Bharat Petroleum Corporation Limited (BPCL). This will ease distribution of CNG fuel in the geographical areas.

The company has bagged these prestigious CNG MRU contracts because of its techno-commercial expertise. With the award of CNG MRU contract by CUGL, the company has spread its wings in three states of the country viz. Maharashtra, Madhya Pradesh & Uttar Pradesh in CNG business.

Shares of CONFIDENCE PETROLEUM INDIA LTD. was last trading in BSE at Rs.40.7 as compared to the previous close of Rs. 43. The total number of shares traded during the day was 80940 in over 338 trades.

The stock hit an intraday high of Rs. 42.85 and intraday low of 39.7. The net turnover during the day was Rs. 3313141.

Source : Equity Bulls

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