Confidence Petroleum arm begins project work to manufacture high-pressure cylinder

This upcoming unit will have the capacity to manufacture 3,60,000 cylinders per annum.

Jun 03, 2021 04:06 IST India Infoline News Service

Businesswoman reading newspaper
Confidence Petroleum India has announced that its subsidiary has started project work to manufacture High-Pressure cylinder (Oxygen, Industrial gases and CNG) at MIDC Umred near Nagpur. Confidence Enterprises which is a 100% subsidiary of Confidence Futuristic Energetech, has begun the project work.

Confidence Futuristic Energetech is a subsidiary of Confidence Petroleum.

The development is done due to the upcoming demand of
high-pressure oxygen and CNG cylinders.

This upcoming unit will have the capacity to manufacture 3,60,000 cylinders per annum, the company said.

On Sensex, Confidence Petroleum finished at Rs63.05 per piece up 0.96%. 

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