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Confidence Petroleum to set up CNG-high pressure cylinder manufacturing unit

10 Mar 2021 Evaluate

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.

Peers
Company Name CMP
Redington 344.95
Adani Enterprises 2676.75
Amrapali Industries 33.12
Maxgrow India 182.10
Rashi Peripheral 838.65
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