I have come across a company called CONFIDENCE Petroleum. The company has significant presence in the LPG/CNG Energy. The company has primarily dealing in four sectors:
1: CYLINDER MANUFACTURING (core business):
Function: From more than last two decades with cylinder manufacturing as its core activity. Launched a new type of product in the name of go gas elite.
Features of go gas elite: BLAST PROOF, LIGHT WEIGHT (about half of weight than metal cylinders) , Translucent Visibility, Elegant Design,EASY handling etc.
Major clients: PSU like Indian Oil, Hindustan petroleum, Bharat petroleum and Private players.
Capacity of manufacturing: Company has 15 manufacturing facility at various locations in India like Nagpur(4 units in this region),Mumbai, Gujrat, Hyderabad, Jalpaigudi, Baazpur, Jharkhand . Cylinder manufacturing capacity of the group is 5 million cylinders per annum
2: Auto LPG Dispensing Station (ALDS):In the name of GO Gas Auto LPG Stations
Function: Auto LPG Dispensing Station. Today GO Gas Auto LPG Stations are available in Maharashtra, Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, Gujrat, Rajasthan, West Bengal, Madhya Pradesh, Uttar Pradesh
CAPACITY:CURRENTLY COMPANY HAS 112 LPG DISPENCING STATIONS AS PER Q22018 PRESENTATIONS.
3: BOTTLING: India’s largest Private Sector LPG bottler in India.
Major clients: Actively providing Bottling assistance to Oil major PSUs Indian Oil, Bharat Petroleum, Indian oil etc.
Capacity/PLANTS: 58 POTILLING PLANTS in 19 states .
4: Packed Cylinder Division:
Franchise model: Also they are inviting people to open their own gas agency under the name of Go Gas (350 dealers available in India)
Note: Not posted anything on financials of the company as I m new in investing and researching on that front . Not invested.
Please share ur views.
If anything I have written wrong please correct me.
Thanks and regards