Confidence Futuristic Energetech Secures ₹32.45 Crore Order from BPCL; Shares Surge 17.8%
Confidence Futuristic Energetech Ltd witnessed a sharp rally in its stock price on Monday, soaring 17.80% to close at ₹90. The surge came after the company announced that its wholly-owned subsidiary, Confidence Enterprise Pvt Ltd, has received a domestic order worth ₹32.45 crore from Bharat Petroleum Corporation Limited (BPCL).
The order pertains to the supply of various sizes of cascades, with delivery scheduled within the next 10 weeks. This significant deal is expected to bolster the company’s presence in the energy equipment segment and enhance its growth trajectory in the coming quarters.
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