Confidence Petroleum Secures Long-Term PSU Deals Worth ₹42 Cr Across India
By Shishta Dutta | Published at: Jun 27, 2025 03:15 PM IST
Mumbai, June 27, 2025 — Confidence Petroleum India Limited (NSE: CONFIPET) has secured a long-term LPG bottling contract from three leading public sector OMCs (Oil Marketing Companies). The total value of the contract is ₹42.09 crore (₹24.22 Cr from BPCL, ₹11.40 Cr from HPCL, and ₹6.46 Cr from IOCL). These long-term contracts ensure stable cash flows and utilisation of bottling infrastructure.
As the contracts are from different parts of the country (Kollam, Trivandrum, and Murbad), it will expand the operational footprint of the enterprise.
Npte that, at 01:45 PM, the stock was down by 5.98% (₹52.08 per share).
Contract Details
The awarded contracts span key locations across Kerala and Maharashtra, underscoring Confidence Petroleum’s expanding role in India’s LPG bottling infrastructure.
| PSU | Location | Bottling Quantity (Cylinders) | Contract Value (₹) | Contract Duration |
|---|---|---|---|---|
| BPCL | Kollam | 3,00,000 | ₹24.22 crore | 10 years |
| HPCL | Trivandrum | 1,20,000 | ₹11.40 crore | 10 years |
| IOCL | Murbad (Maharashtra) | 90,000 | ₹6.47 crore | 3 years |
| Total | — | 5,10,000 | ₹42.09 crore | — |
Additional Update
IOCL has also shortlisted Confidence Petroleum for a similar LPG bottling tender at Sarangpur. The Letter of Intent (LOI) is expected shortly, which would further expand the company’s footprint in this segment.
Regulatory Disclosures
In compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, the company confirmed:
- The contracts are awarded by domestic PSUs.
- The total commercial consideration stands at ₹42.09 crore.
- No promoter group interest is involved, and the transactions do not fall under related party dealings.
Strategic Commentary
These contracts reinforce Confidence Petroleum’s operational excellence and robust infrastructure in the LPG bottling value chain. With over 5 lakh cylinders slated for bottling, the company strengthens its role as a reliable partner to India’s top oil marketing firms.
About the Company
Confidence Petroleum India Limited is listed on both NSE and BSE and operates in the LPG energy segment, including bottling, cylinder manufacturing, and auto LPG distribution across India. It has a strong presence with multiple bottling plants and a growing retail footprint.
This development is expected to contribute materially to the company’s medium-term revenue visibility while enhancing its strategic partnerships with India’s top PSU oil companies.
REF: https://nsearchives.nseindia.com/corporate/CONFIPET_27062025125338_cpilNEWSBOTTLING.pdf
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