Confidence Petroleum India Ltd

History of Confidence Petroleum India Ltd

Confidence Petroleum India Limited (CPIL) stands as one of the largest private sector entities in India's LPG cylinder manufacturing industry, boasting state-of-the-art manufacturing units strategically dispersed across various states. This extensive network enables CPIL to efficiently serve a diverse customer base, including public sector undertakings (PSUs) like HPCL, BPCL, and IOCL, as well as leading private players such as Reliance. The Company established on July 21, 1994 is one of leading manufacturers of LPG Cylinders in India along with its repairing activity, prominent supplier of Auto LPG in India with its network of bottling plants and ALDS Stations across India, into Parallel LPG Market by the name of pack cylinder division with GO GAS as its brand, into selling LPG to both domestic and commercial users at competitive rates, into bottling blending /marketing of LPG and also in its Logistic business. The company came out with a public issue in Feb.'95 to set up two LPG bottling plants near Pali and Udaipur in Rajasthan. The installed capacity is 7200 tpa each with a total capacity of 14,400 tpa.Commercial production at Pali commenced in Mar.'95. It launched its product in the Devarsa Gas brand name, in Rajasthan. In Mar.'96, the company commenced commercial production at its second bottling plant at Udaipur. In 1995-96, the it launched a 25-kg gas capacity cylinder for the first time in India for the commercial and industrial segment. To ensure bette ...r utilisation of its bottling plants, the Company is doing contract filling of cylinders of other companies on jobwork basis alongwith bottling of own branded cylinders. During the current F.Y. 2005-06, company started LP6 bottling assistance for M/s I ndian Oil Corporation Ltd. at Udaipur by giving Plant on lease to M/s Gaspoint Petroleum (I) Ltd. It also started marketing in the commercial / industrial segment. Companies such as, Envy Cylinders Pvt. Ltd., Hemkunt Petroleum Ltd, Gomti Gaspoint Bottling Pvt. Ltd., Taraa LPG Bottling Pvt. Ltd. Neora Gaspoint Bottling Pvt. Ltd. , Agwan Coach Private Limited,' Laxmi Nirmal Petrochemicals Limited, Keppy Infrastructure Developers Pvt. Ltd and Confidence Go Gas Ltd. became subsidiaries during the year 2008. The Board of Directors of the Company at its meeting held on June 20, 2007, finally approved the scheme of arrangement cum amalgamation of the Company with Maharashtra Cylinders Pvt Ltd, Khara Gas Equipments Pvt Ltd, Hans Gas Appliances Pvt Ltd along with the exchange ratio of the shares between the transferor and transferee Companies. The approved exchange ratio is as under: 1. 20 Equity shares of Re 1 each of the Company for every 1 Equity Share of Rs 100/- each of Khara Gas Equipments Pvt Ltd. The Company got into ever growing market of Indonesia with its newly formed subsidiary M/s PT Surya Go Gas Indonesia, a joint Venture company with 70% stake of company of in equity of JV, which started LPG Cylinder Manufacturing plant at Indonesia and further the JV had firmed up its plan for opening 6 LPG Bottling plants and with this, the company committed a CAPEX of 50 Crs. in F.Y. 2009-10 for various projects in Indonesian. In FY 2010-11, Company implemented their expansion plan in India as well as in overseas. The Company established new Bottling plant in overseas Market in Indonesia as PT MULTI ARTHA MANDIRI, a subsidiary of P. T. SURYA GO GAS, INDONESIA, which is a subsidiary of Confidence. The Company through its 100% subsidiary Confidence Go Gas Ltd' entered into long term agreement to supply LPG to major multinational companies for automobiles in India. 'CPIL setup 99 Auto LPG Dispensing Station (ALDS) across the Country. The Company acquired more than 50% shares in M/s- CONFIDENCE FUTURISTICENERGETECH LIMITED ( Formally Known Globe Industrial Resources Limited), making it a Subsidary of the company in 2017-18. Company launched the Blast proof Composite cylinders in 2018. The Company under its expansion plan, also ventured into establishing CNG Dispensing Stations in 2022. It started commercial marketing of 7 CNG Dispensing Stations in Bangalore. In 2023, Company embarked on a transformational growth phase with the introduction of three new high-potential growth segments D2C, ChotaBunty and 425 kg LPG Cylinder. It commissioned 32 CNG Dispensing Stations within Bengaluru City in 2023. The Company has strategically expanded PCD dealer network from 2,000 to 2,300, boosted CNG stations in Bengaluru from 3 to 35, and increased HCVs, LPG tankers and LCVs from 542 to 637 in 2024. During FY 2024-25, in the Bulk LPG segment, a major milestone was achieved with the start of direct procurement from refineries. To strengthen logistics and ensure timely deliveries, the Company chartered two vessels and leveraged its in-house transport fleet, enabling faster and more reliable supply across the country. Company expanded the network of operational Auto LPG Dispensing Stations (ALDS) to 295 in the Auto LPG Division. In the Packed LPG business, it strengthened the market presence and enhance customer connect. The Company further enhanced its FOR fleet capacity though better geographical reach and dealership network. CPIL, in partnership with GAIL Gas, commissioned 50 stations in Bengaluru in the CNG Retailing Division.