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11-Sep2018

Confidence Petroleum acquires 25% stake in Blue Flame Industries

Confidence Petroleum India has acquired 25% stake in Blue Flame Industries. With this the company has attained the holding of 75% stake in Blue Flame Industries.

Blue Flame industries having cylinder manufacturing plant at Jharkhand has an installed capacity of 6 lakhs LPG cylinders per annum mainly for supply to PSU Oil companies.

Confidence Petroleum is an India-based manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use. The Company is engaged in the sale of cylinder, LPG bottling, and filling/DPT/transport.


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