- CEO
- Nitin Punamchand Khara
- Full Time Employees
- - -
- Sector
- Process industries
- Industry
- Textiles
- Address
- Confidence Tower Nagpur MA India 440010
- IPO Date
- Jan 6, 2015
- Business
- Confidence Futuristic Energetech Ltd (CFEL.BO) manufactures and supplies high-pressure seamless steel gas cylinders and related products for industrial, medical, and automotive applications; core offerings include CNG cylinders (onboard and cascades for mobile/stationary use), LPG cylinders under the Go Gas Elite brand for domestic and commercial users, medical oxygen cylinders, and cylinders for industrial gases such as argon, helium, nitrogen, and hydrogen; the company also produces Type 4 composite cylinders for green hydrogen, nitrogen, and CNG storage. Incorporated in 1985 and headquartered in Nagpur, India, CFEL operates primarily in the Cylinder Division and LPG Division segments, serving markets across India with manufacturing and retesting facilities supported by subsidiaries. As a 61.87% subsidiary of Confidence Petroleum India Ltd and part of the Confidence Group, it adheres to global quality standards and lists on BSE and NSE.
Recent developments include the expansion of manufacturing capabilities through subsidiaries Confidence Enterprises Private Limited (100% owned), Sarju Impex Limited (75% owned), Maruti Koatsu Cylinders Limited (49% associate), and Silversky Exim Pvt Ltd for Type 4 cylinders targeting green hydrogen applications; Confidence Enterprises secured a Rs 67 crore order from Bharat Petroleum Corporation Ltd for 450 CNG Type-I mobile/stationary cascades. The company reported consolidated operating revenue of Rs 17,590.31 lakhs for FY 2023-24, up 44.15% year-over-year, with profit after tax at Rs 1,001.98 lakhs, reflecting a 24.52% increase driven by higher sales volumes and subsidiary contributions. Originally named Globe Industrial Resources Limited, it rebranded to Confidence Futuristic Energetech Limited in October 2017 to align with its energy-focused strategy.