- Business
- Confidence Petroleum India Limited, founded in 1993 and headquartered in Nagpur, Maharashtra, India, is a leading integrated player in the liquefied petroleum gas (LPG) and compressed natural gas (CNG) sector; it manufactures and markets LPG cylinders under the GoGas and GoGas Elite brands, operates over 295 Auto LPG dispensing stations, manages more than 50 CNG retail outlets primarily through partnerships like GAIL Gas in Bengaluru, runs 68 bottling and blending plants, maintains 15 cylinder manufacturing facilities including high-pressure units for CNG and industrial gases, and provides bottling assistance to major oil companies such as IOCL, BPCL, and HPCL; the company serves domestic, commercial, and industrial customers across India with a network exceeding 2,500 LPG dealers, a fleet of over 470 road vehicles and tankers, and bulk LPG marketing including imports of propane and butane. Listed on the NSE (CONFIPET.NS) and BSE, it changed its name from Devarsa Gas-Chem Ltd in February 2006 and operates subsidiaries like Sarju Impex Limited and CEPL focused on cylinder production. Recent developments include the July 2024 acquisition of a majority stake in Punjab Petroleum Corporation Ltd, the June 2025 commissioning of eight additional Auto LPG stations bringing the total to 295, securing Rs 42.09 crore in LPG bottling contracts from public sector undertakings in 2025, expansion of the packed LPG dealer network to over 2,500 and CNG stations in Bengaluru from three to 35, a 2023 joint venture with BW LPG forming BW Confidence Enterprise Private Limited for LPG import infrastructure investments including a USD 30 million stake acquisition by BW LPG, and a strategic shift announced in May 2025 to prioritize retail growth in LPG and CNG while discontinuing the large JNPA terminal project in favor of smaller efficient terminals.