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Confidence Petroleum India Ltd
NSE: CONFIPET BSE: 526829
₹76.66
(4.84%)
Wed, 29 Jul 2026, 07:07 am
Market Cap (in Cr)2427.02
PE Ratio27.18
Dividend0.13
Retail Trade
Specialty Stores
24.5KCompany History
1994
- Devarsa Gas-Chem Private Limited was incorporated as a Private Limited Company.
- The company was converted to a Public Limited Company and the name was changed to Devarsa Gas-Chem Limited.
- A fresh Certificate of Incorporation was obtained from the Registrar of Companies, Maharashtra.
2005
- The company split its face value of shares from Rs 10 to Re 1.
2006
- The company changed its name from Devarsa Gas-Chem Ltd. to Confidence Petroleum Ltd.
2008
- The company entered into a joint venture with Energtek Inc.
2009
- The company was awarded a contract worth Rs 42.89 crores by Hindustan Petroleum Corporation Ltd and Indian Oil Corporation for supply of LPG Cylinders.
2010
- The company started supply of LPG Cylinders to IOCL, BPCL and HPCL against orders.
- The company's subsidiary was granted a license for LPG Parallel Marketing by the Indonesian Government.
- The company acquired Bangalore-based oil and gas services provider Sneha Petroleum.
- The company commissioned 4 more Auto LPG Dispensing Stations.
- The company bagged a prestigious turnkey contract worth 8.25 crores from SAIL.
- The company bagged a contract for 11 Auto LPG Dispensing Stations from IOCL.
- The company bagged an order worth Rs. 40 Crores from BPCL for supply of LPG Cylinders.
- The company signed a global JV for Gas Meters with Zhejiang Chint Instrument and Meter Co. Ltd, China.
- The company took over 'Vedant LPG Venture', a Cylinder Manufacturing Plant at Raipur.
2011
- HPCL awarded a contract of LPG Bottling to the company.
- BPCL conferred a bottling contract for LPG Bottling on Ujjain LPG Bottling Plant.
- BPCL awarded additional orders worth Rs. 59.8 crores to the company.
2013
- Mr. Jigar Vijaykumar Vora was appointed as an Independent Director of the company.
2019
- The company's Project Division bagged a contract for commissioning CNG Dispensing Stations.
2021
- Confidence Enterprises Pvt Ltd started project work to manufacture high pressure cylinders at MIDC Umred near Nagpur.
2022
- Confidence bagged a prestigious LOA for supply of 75 units CNG Cascades for BPCL/BGRL city gas distribution project worth Rs. 228075120.