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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
12 July, 2025 11:54 IST
Confidence Petroleum hikes stake in Blue Flame Industries
Source: IRIS | 11 Sep, 2018, 01.10PM
Rating: NAN / 5 stars.
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Confidence Petroleum India announced the company has acquired additional 25% stake in Blue Flame Industries taking its total shareholding to 75% stake.

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

The stock had underperformed the market over the past one month till Sep. 10, 2018, falling 17.64% compared with the Sensex's 0.14% rise. It underperformed the market in past one quarter, declining 6.93% as against 7.36% rise in the Sensex.

Shares of the company gained Rs 0.1, or 0.23%, to trade at Rs 44.20. The total volume of shares traded was 53,441 at the BSE (11.32 a.m., Tuesday).
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