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Confidence Petroleum India has unveiled the addition of 13 new Auto LPG Dispensing Stations (ALDS) to their network. The expansion is aimed at catering to the growing demand from car owners and auto rickshaw drivers seeking affordable and eco-friendly fuel alternatives.
This expansion brings Confidence Petroleum India's total count of ALDS stations to 248.
Confidence Petroleum India is a vertically integrated company. It is engaged in LPG cylinder manufacturing, LPG bottling & blending, packed LPG marketing and auto LPG dispensing stations.
On a consolidated basis, net profit of Confidence Petroleum India rose 125.33% to Rs 32.02 crore on 146.30% increase in net sales to Rs 875.13 crore in Q1 June 2023 over Q1 June 2022.
Shares of Confidence Petroleum India fell 0.32% to Rs 75.76 on 17 August 2023.
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