Confidence Petro partners with Time Technoplast

Confidence Petroleum India has joined hands with Time Technoplast to push the availability of LPG in India. Both the companies exhibited gains on the bourses in the morning session on Wednesday.

The cooperation agreement gives a major thrust to the safe use of retail LPG under the brand name of GoGas Elite in Indian households. The company has launched a blast proof, lightweight, translucent composite cylinders under the brand name GoGas Elite. In a short span, the brand has received an overwhelming response from residential as well as commercial consumers.

Confidence Petroleum is an India-based manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use. Time Technoplast is a technology-based innovative polymer product company that manufactures of new generation composite cylinders.

 
On Wednesday, the shares of Confidence Petroleum and Time Technoplast were both in green in the early morning session. At around 11:00 hours, Time Technoplast surged 6 per cent to Rs. 91.70 per share and Confidence Petroleum was trading at Rs.  41.75, gaining 2.33 per cent on the BSE.

Post Sensex’ tumble, the stock of Time Technoplast was trading at Rs. 88.05, up by 2.03 per cent  but however Confidence Petroleum fell by 1.96 per cent to Rs 40 per share.