Continental Petroleums Ltd share Price

Continental Petroleums Ltd a listed Company at the Mumbai Stock Exchange had set up complete plant at Behror, RIICO Industrial Area in Rajasthan during 1988-89 to manufacture various kinds of lubricants & greases for Automotive & Industrial application. The end products contained in consumer packs & pouches and standard barrels are marketed by the Company in the Registered Trade Mark `Mobolene` in the state of Rajasthan, Madhya Pradesh, Punjab, Haryana, part of Uttar Pradesh through the Company`s appointed Distributors and Dealers Network with present turnover of Rs.750 lakhs per annum. The plant is spread over 20000 sq. meter with sufficient scope for expansion and processing and blending, R&D facilities with capacity of 9000 KL / Annum as per DGTD registration. The Company has sufficient tank storage facility for storage of various raw lube stocks, additives, chemicals etc. to match the above capabilities. The plant is deploying about 40-45 managerial, skilled and semi-skilled staff and workers in the plant. The Company`s policy is to always work towards quality standards of end products due to which the Company has a fairly good with no financial loans from the term loan financing institutions. World class additives are supplied to the Company by Lubrizol India Pvt. Ltd. a subsidiary of Lubrizol Inc. USA. The Company has also been importing various oils and chemicals and also making high purchase for various inputs. This is the largest blending plant in the State of Rajasthan. The Company is also planning to add Solvents Manufacturing Unit expected to commence production by September 2010. The mandatory approvals are on the way for production of fuel oils for which the plants has been completed. The Company always looks forward to any activity of prestigious in nature contributing to the quality of products and value addition to the Company.