Confidence Petroleum India Limited (CPIL) has achieved a significant milestone by securing long-term LPG bottling assistance contracts from three of India’s premier Public Sector Undertakings—Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and Indian Oil Corporation Limited (IOCL). This move further reinforces CPIL’s leadership in the LPG bottling sector and highlights its robust infrastructure and operational capabilities.
Details of the Contracts
The company has been entrusted with bottling assistance for the following PSU locations:
- BPCL, Kollam: 3,00,000 units of LPG bottling assistance worth ₹24.23 crore for a period of 10 years.
- HPCL, Trivandrum: 1,20,000 units valued at ₹11.40 crore, also for a duration of 10 years.
- IOCL, Murbad: 90,000 units amounting to ₹6.47 crore over a 3-year term.
The cumulative value of these contracts stands at an impressive ₹42.09 crore, establishing a stable revenue stream for CPIL over the coming years.
Strengthening Industry Partnerships
These contract wins highlight Confidence Petroleum’s strong and long-standing relationships with India’s top oil marketing companies. By providing safe, efficient, and reliable LPG bottling services, the company has cemented its reputation as a trusted partner in India’s energy sector. The long tenures of the contracts reflect the trust these PSUs place in CPIL’s capabilities.
Prospective Opportunities on the Horizon
In addition to the confirmed contracts, Confidence Petroleum has also been shortlisted for a similar bottling assistance project by IOCL in Sarangpur. The company awaits the issuance of the Letter of Intent (LOI), which is expected shortly. If awarded, this contract will further expand CPIL’s operational footprint and revenue base.
Corporate Transparency and Compliance
The company has issued all necessary disclosures in accordance with SEBI regulations, clearly stating that there is no related party interest involved in these contracts. This transparency affirms the company’s commitment to strong governance practices.
With these recent contract acquisitions, Confidence Petroleum continues its growth trajectory in the energy services sector. Its proven track record, strategic partnerships, and robust infrastructure position it well to play a pivotal role in India’s expanding LPG distribution network. These developments not only enhance shareholder value but also contribute to strengthening India’s clean energy ecosystem.
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