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The domestic market paused on the final trading day of the week, having earlier reached yet another record high, buoyed by positive cues from global markets. Noteworthy strength was observed in the capital goods and industrial sectors, bolstered by advancements in both manufacturing and services.
Confidence Petroleum Limited, a listed company headquartered in Nagpur, has received a ₹250 crore investment from Norwegian company BW LPG. The investment will support Confidence as it expands its capacity in LPG downstream assets. Confidence plans to set up a LPG storage terminal at Jawaharlal Nehru Port Trust, which will be the largest in the country. After the investment, Confidence aims to expand its network of auto LPG and CNG retail stations and bottling units.
business reporter in a significant development, one of india’s largest lpg-cng companies, confidence petroleum india ltd and norway-listed bw lpg, a leading lpg shipping and lpg trading company, have join
Trends in the GIFT Nifty indicate a flat start for the broader index in India, with a loss of 9 points or 0.04 percent.
Confidence Petroleum has partnered with BW LPG to bolster LPG terminal infrastructure and downstream operations throughout India.