Company news: Confidence Petroleum India

Confidence Petroleum India has increased its stake in Blue Flame Industries to 75 per cent from 50 per cent. Blue Flame Industries Pvt Ltd, which has a cylinder manufacturing plant at Jharkhand, has an installed capacity of six lakh LPG cylinders per annum, mainly for supply to PSU oil companies. Shares of Confidence Petroleum closed at ₹43.15, down 2.15 per cent, on the BSE.