Continental Petroleums rises on receiving LOI from Jaipur Vidyut Vitran Nigam
Continental Petroleums is currently trading at Rs. 128.90, up by 1.40 points or 1.10% from its previous closing of Rs. 127.50 on the BSE.
The scrip opened at Rs. 127.50 and has touched a high and low of Rs. 131.85 and Rs. 126.00 respectively. So far 3439 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 137.00 on 22-Jan-2025 and a 52 week low of Rs. 66.00 on 07-Jun-2024.
Last one week high and low of the scrip stood at Rs. 134.80 and Rs. 118.80 respectively. The current market cap of the company is Rs. 70.18 crore.
The promoters holding in the company stood at 34.41%, while Non-Institutions held 65.59% stake in the company.
Continental Petroleums has received the Letter of Intent (LOI) from Jaipur Vidyut Vitran Nigam (A Government of Rajasthan undertaking) for Development of Distribution Infrastructure work for Segregation of 11 KV mixed feeders at Jhalawar of Jaipur Discom of Rajasthan state under Revamped Reforms-based and Results linked, Distribution Sector Scheme (RDSS), JVVNL/TN-556. Contract amount is Rs 32.64 crore. Completion period is 16 months.
Continental Petroleums is a dynamic and forward-thinking company with over three decades of experience in the energy and industrial sectors. Specializing in the manufacturing of lubricants and greases, the incineration of hazardous waste, and EPC projects, it has established a strong presence in these industries.
