Shares of Confidence Futuristic Energetech secures Rs 32.45 crore order from BPCL for cascade supply Energetech may be in focus after the company announced that its 100% subsidiary, Confidence Enterprise Pvt Ltd, has secured a major order worth approximately Rs 32.45 crore from Bharat Petroleum Corporation Limited (BPCL). The order pertains to the supply of various sizes of cascades, with deliveries scheduled within 10 weeks from the date of call-off or site purchase order.
The company disclosed this update under Regulation 30 of the SEBI (LODR) Regulations, stating that the deal does not fall under related-party transactions and that the promoter group holds no interest in the contracting entity.
This development reflects continued momentum for Confidence Futuristic in the energy and gas equipment sector and is expected to boost operational revenues in the near term.
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