Confidence Petroleum has decided to set up CNG-High Pressure Cylinder manufacturing unit near Nagpur with a capacity of 3.60 lakh cylinders per annum of various capacities. The board has decided to workout feasibility for putting Cryogenic Cylinder manufacturing unit near Nagpur having capacity of 1.5 lakh units per annum of various capacities. The board has also given approval for putting LNG Tanks manufacturing unit near Nagpur.
Looking to the high demand & prospects of CNG, High Pressure Cylinders from OEM, Retrofitting & Cascades segment, company decided to set-up CNG-High Pressure Cylinder manufacturing unit.
Confidence Petroleum is an India-based manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use. The Company is engaged in the sale of cylinder, LPG bottling, and filling/DPT/transport.
| Company Name | CMP |
|---|---|
| Redington | 229.65 |
| Adani Enterprises | 2241.00 |
| Amrapali Industries | 18.13 |
| Rashi Peripheral | 476.40 |
| PDS | 295.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: