Showing posts with label #Confidence Petroleum. Show all posts
Showing posts with label #Confidence Petroleum. Show all posts

Tuesday, February 1, 2022

Confidence Petroleum Limited - Buy on dips

Confidence Petroleum India Limited is a NSE listed company by virtue of its entrepreneurial skills, innovative strategies and seamless execution, emerging as one of the fastest growing and leading private sector organization in India. The group has diversified business interests in the energy sector with significant presence in the LPG Energy. Keeping pace with the nation’s energy requirements.

Network of 58 LPG Bottling & Blending Plants

209+ Auto LPG Dispensing Stations

Experienced Professionals

1400+ Dealers & Distributors

Highest Quality Talent

Present in 22 Indian states

Confidence Petroleum is serving nationwide. Confidence Group owes the credit of being the largest cylinder manufacturer in the industry with 15 facilities having an installed capacity of around 42 lakh cylinders per annum. Its 7.5 lakh unit per annum plant in Halol in Gujarat is a 100% export oriented unit (EOU).

The range manufactured at the Vizag plant will have all the regular sizes & comply with various quality requirements both in India & International markets. The plant also has the capability to provide complete range of High pressure cylinders for various applications like Medical Oxygen, Industrial Gases, Nitrogen cylinders, and cylinders for other Hi-Pressure gases.

Our cylinder manufacturing process ensures the best quality material combined with superior workmanship. We have implemented state of the art testing & quality measures within our plants. Right from the raw material to the workmanship and the essential pressure testing, every stage of the final product is monitored for excellence & safety. Besides, thanks to our in house quality assurance measures, our cylinders confirm to Local & international standards. Any cylinder which rolls out of our plants confirms to the highest national standard – ISI and can be guaranteed for its safety.

With Rich 26 year’s consistent experience, we cater to Our Major PSU’s like Oil Majors Bharat Petroleum, Hindustan Petroleum, Indian Oil, and private players like Reliance & Shell.

We also export cylinders to various esteemed Government & Private companies in Asia & Africa

Confidence Group has installed 58 LPG Bottling & Blending plants in 19 states at strategic locations. These LPG Bottling & Blending plants are currently used for major Oil PSUs to cater to the growing demand of LPG with reduced transportation,the direct & indirect savings accumulate. Oil majors Like BPCL, HPCL, IOCL, & Reliance group are presently using this service at various locations across India.

Our LPG Bottling & Blending plants are duly licensed by PESO and this is the reason why all our plants are well secured for all the safety measures. The well blended mixture of LPG is received from the nearby Bulk LPG sources Refineries/ Import Terminal it is then unloaded safely in storage tanks through proper leak proof pipelines. Later this gas is filled in Cylinders. In order to prevent any mishaps of any kind of dangerous explosion, before & after quality checks are done which are the most important criteria in this process. Close check is given for Blow cavity of the valve outlet with air in case any water is observed. Later security cap is fixed on the valve outlet.

This not the end of the process, rather it starts off, then all the cylinders have to go through rigorous Statutory tests & quality checks to assure 100% safety, till the time it reaches to the end consumer.

Quality control checks

Weight test

Valve test to check any leakage

Self closing valve test

Inline test

Dip test the equipment is used to detect leakage

Confidence Petroleum is the Largest LPG Bottler PAN India. Its operations & plants are located across India.These plants are logistically well situated to cater to the needs of consuming centers. Company owns 58 plants & Company’s upcoming project for LPG Bottling & Blending is 15 approx & in near future Confidence Group aims to reach the pinnacle with its precious 100 LPG Bottling & Blending Plants across the Nation.

Packed LPG Marketing

Confidence group is marching towards the new era & adopting innovative ideas time to time this is the reason why it opted & brought ahead its own brand in LPG Packed cylinder section in the year 2012.Revolution & entrepreneurship is seen in every section at Confidence Petroleum.

The “GoGas Elite” composite cylinders, ideal for the domestic and commercial use, weigh about 50% lesser than conventional metal cylinders. These are blast-proof and hence, much safer. Moreover, the advanced cylinders enable consumers monitor the gas level at any given point of time, thereby helping them track consumption and replace the cylinders on time, resulting in zero wastage.

“Go Gas Elite has brought the latest world class technology in India for the first time. These cylinders have been certified safe by PESO the explosives department of the government of India. 70 crore people use LPG and given the advantages of composite cylinders, we expect most of the people eventually switching to using them. Composite cylinders are extremely popular in America, Japan, Australia and many European countries and have been in use for many years now. Confidence Group aims to be in every household. We plan to have presence PAN India till 2025 & capture the market positively.

The “GoGas Elite” composite cylinders are available in varying sizes of 2kg, 5kg, 10kg and 20kg. These are available through the company’s dealer and distributor network across the country. These cylinders are ideal for households as well as the commercial establishments in HORECA (Hotels, Restaurants & Cafes) industry.

GoGas is the brand name of our Auto LPG Dispensing Stations supplied and marketed by Confidence Petroleum all over India since year 2008. As the name signifies, you can GO to everyplace by means of GAS as fuel. This is a safer, greener & cleaner solution to the increasing pollution all around. With the ever increasing fuel prices common man today has an opportunity to look at another option as fuel this is an industry with tremendous growth opportunity.

The ever increasing pressure on limited supply of conventional fuel & their ever increasing prices are forcing consumers & vehicle manufacturers to a more reliable, consistent & stable alternative fuel system.

Go Gas Auto LPG Dispensing Stations are carrying out purchase, storage, sale of Auto LPG Dispensing Stations by virtue of License offered by the Chief Controller of Explosives under static & mobile pressure vessels.

Along with Govt. supplier’s private sector has stood at the same edge of PSU’s to serve nation in terms supply of fuel that is much cleaner, efficient & convenient to use.

GoGas has instituted 209+ Auto LPG Dispensing Stations spanning PAN India. The team aims to setup 500 stations over the next 5 years

Economical: 40-50% cost saving in comparison to petrol.

Efficient: Improves engine life and reduces recurring maintenance costs.

Easy: Trouble-free conversion of petrol/diesel vehicles to run on GoGas using Auto LPG Dispensing Stations conversion kits.

Stock Performance - 12 months



Investors with long term horizon should buy this scrip on declines to around 60 levels and hold for 12-15 months for a target price of Rs.120

Source : Company Website