Confidence Petroleum Alliance with BW LPG

Confidence Petroleum India Limited, one of India's leading LPG-CNG companies and Norway-listed BW LPG, a leading LPG shipping and LPG trading company have come together to combine their business goals to strengthen the LPG Terminal Basic terminal and downstream operations.

Feb 20, 2024 - 15:44
Feb 20, 2024 - 17:20
 0
Confidence Petroleum Alliance with BW LPG
Confidence Petroleum Alliance with BW LPG

Confidence Petroleum India Limited, one of India's leading LPG-CNG companies, and Norway-listed BW LPG, a leading LPG shipping and LPG trading company have come together to combine their business goals to strengthen the LPG Terminal Basic terminal and downstream operations. Are.
 
Confidence Group is a fully integrated LPG and CNG company, established in 1993 with the objective of ensuring access to green and clean fuel to every citizen, and commercial entity across India. The group has become one of India's leading private players in the LPG industry with a significant presence in the industrial, automobile, and home retail sectors. Confidence Petroleum is India's largest private sector LPG bottling company, operating 68+ bottling plants and a network of 250+ auto LPG dispensing stations across the country.
 
The company retails packed LPG under its brand “Go Gas” through a network of 2000+ dealers. Expanding its business, CPIL is venturing into CNG business with around 35 CNG stations in Bangalore in partnership with GAIL. It operates 3 CNG cylinder manufacturing units through its subsidiary company. Manages its own fleet of 600+ LPG vehicles for transportation across India. Confidence Group has recently announced its upcoming project of Hi-Tech German Technology Type 4 High-Pressure Cylinder Manufacturing Unit in Nagpur.
 
Mr. Nitin Khara, Chairman and Managing Director, of Confidence Group, said, “We are thrilled to announce this strategic joint venture with BW LPG and investment in Confidence Petroleum. This collaboration is an important milestone for Confidence Petroleum.

Mr. Ivar Batvik, Vice President and Head of Corporate Development, at BW LPG, said, “Confidence Petroleum has a strong presence in the domestic LPG industry, while BW LPG has deep experience in global LPG shipping and trading. The synergy between Confidence Petroleum's local strengths and BW LPG's international reach is important to accelerate the growth trajectory for both parties.

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