Confidence Petroleum has received an approval to sell its holding in Gold Bid, Mauritius amounting Rs 41.87 lakh. The board of directors at its meeting held on March 27, 2017 has approved for the same.
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. Its segments include the LPG/CNG Cylinder manufacturing, and the LPG Bottling & Marketing.