Confidence Petroleum India Limited has announced that it has secured LPG bottling assistance contracts worth Rs 42.09 crore from three leading public sector undertakings (PSUs)—Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and Indian Oil Corporation Limited (IOCL).
According to the company’s exchange filing on June 27, 2025, BPCL awarded a 10-year bottling contract at Kollam for 3 lakh units, valued at Rs 24.22 crore. HPCL has awarded a similar 10-year contract at Trivandrum for 1.2 lakh units, worth Rs 11.40 crore. Additionally, IOCL has awarded a 3-year contract at Murbad for 90,000 units, valued at Rs 6.46 crore.
The company also informed that it has been shortlisted for another IOCL tender for Sarangpur, with the Letter of Intent (LOI) expected shortly.
Confidence Petroleum stated that these long-term contracts strengthen its leadership in the LPG bottling segment and further reinforce its partnership with India’s top oil marketing companies.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.