Confidence Petroleum India’s subsidiary -- Confidence Futuristic Energetech has acquired 50% stake in Maruti Koatsu Cylinders based at Halol, Gujarat. Maruti Koatsu Cylinders has an operational plant with an annual capacity to manufacture 1,80,000 (p.a) high pressure/CNG cylinders.
With the growing demand of CNG in the coming years this move will help to achieve further growth for the company. Further, this acquisition will provide competitive and locational advantage to the company. This move will further help to bring clean and green fuel CNG to every corner of the country.
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.
