In a notable development, Confidence Petroleum India has decided to set-up a compressed natural gas (CNG) high pressure cylinder manufacturing unit near Nagpur. The facility is expected to have a capacity of manufacturing 360,000 cylinders per annum of various capacities. The decision to set up the cylinder manufacturing unit has been taken owing to the high demand and prospects of CNG, high pressure cylinders from original equipment manufacturers, retrofitting and cascades segments.
Confidence Petroleum India has also decided to work out the feasibility of putting up a cryogenic cylinder manufacturing unit near Nagpur having a capacity of manufacturing 150,000 units per annum of various capacities.