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Latest news about Confidence Petroleum

Income Tax Authorities Conduct Search Operations at Confidence Petroleum 10 days ago

Income tax authorities have initiated search and seizure operations at Confidence Petroleum India Ltd., a major player in the LPG and CNG sector. The ongoing operation, which began on October 7, covers company offices, manufacturing plants, and residences of the promoter and directors. Confidence Petroleum has acknowledged the search in a regulatory filing, committing to provide updates on its impact and further developments. The company's Managing Director, Nitin Khara, signed the regulatory filing, indicating cooperation with authorities.

Confidence Petroleum India Appoints New Directors, Schedules 31st AGM Sep 08, 2025

Confidence Petroleum India Reports Mixed Q1 FY23 Results Sep 05, 2025

Confidence Petroleum India Reports Q1 Revenue Growth Amid Profitability Challenges Aug 13, 2025

Confidence Petroleum Expands into Green Energy with New Subsidiary Jul 17, 2025

More news about Confidence Petroleum

16Jul 25

Confidence Petroleum Expands Green Energy Footprint with New Subsidiary

Confidence Petroleum India Limited (CPIL) has established a new wholly-owned subsidiary, Confidence Green Energy Private Limited (CGEPL), to expand its LPG and CNG operations. CGEPL, incorporated on July 16, 2023, with an authorized share capital of ₹5.00 lakh, will focus on LPG and CNG-related activities, including setting up and operating filling stations. CPIL holds 100% of CGEPL's share capital, with a subscribed and paid-up capital of ₹1.00 lakh. This strategic move aims to strengthen CPIL's position in the green energy market and enhance its capabilities in providing alternative fuel services.

27Jun 25

Confidence Petroleum India Ltd Secures ₹42.09 Crore LPG Bottling Contracts from Major PSUs

Confidence Petroleum India Limited has secured LPG bottling contracts worth ₹42.09 crore from major Public Sector Undertakings (PSUs) including BPCL, HPCL, and IOCL. The contracts involve bottling 3.00 lakh cylinders for BPCL, 1.20 lakh for HPCL, and 0.90 lakh for IOCL. The company has also been shortlisted for an IOCL tender at Sarangpur. Despite this positive development, the company's stock fell 7.02% to ₹51.50 on the NSE.

10Jun 25

Confidence Petroleum Expands CNG Network in Bangalore, Adds 5 New Stations

Confidence Petroleum India Ltd (CPIL) has commissioned five new CNG stations in Bangalore, increasing its total station count from 45 to 50. This expansion represents an 11.11% growth in the company's CNG network in the city. The move aligns with India's push for cleaner fuel alternatives and aims to cater to the growing demand for CNG in urban areas. The expansion is expected to improve accessibility and convenience for CNG vehicle owners in Bangalore.

02Jun 25

Confidence Petroleum India Expands Auto LPG Network with Eight New Stations

Confidence Petroleum India has commissioned eight additional auto LPG stations, significantly expanding its infrastructure for auto LPG dispensing. This strategic expansion enhances the company's network across the country, potentially increasing market reach, improving accessibility for customers, and possibly contributing to revenue growth. The move reflects ongoing interest in the auto LPG market and positions the company to meet future demand for cleaner fuel alternatives.

29May 25

Confidence Petroleum India Reports Mixed Q4 Results with Revenue Growth and Profit Decline

Confidence Petroleum India Ltd's latest quarterly results show a 32.60% increase in consolidated revenue to ₹9.24 billion. However, net profit declined by 25.73% to ₹228.00 million. EBITDA improved to ₹905.00 million, but the EBITDA margin decreased to 9.79% from 11.59% in the previous quarter.