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Home arrow Mergers and Acquisitions arrow Confidence Petroleum acquires Vedant's cylinder manufacturing plant at Raipur
Confidence Petroleum acquires Vedant's cylinder manufacturing plant at Raipur Print E-mail
Written by Vijay   
Friday, 12 November 2010
Mumbai:  Confidence Petroleum India Limited has taken over Vedant LPG Venture - a cylinder manufacturing plant at Raipur (Chattisgarh). With this acquisition Confidence Petroleum`s cylinder manufacturing capacity will increase to 4.2 million per annum.

Vedant LPG Venture is a newly constructed plant to cater the LPG cylinder requirement for PSU Oil companies like HPCL, BPCL & IOCL and other clients in the private sector.

Confidence Petroleum can now easily cater to the cylinder requirement of Eastern India with a good logistical advantage.

The company with it's ten cylinder manufacturing units has already made its strong presence in western, northern and southern India. However, looking to the encouraging demand for cylinders in the eastern region and the easy availability of raw material, the company has taken over Vedant LPG Venture's cylinder manufacturing plant.

 
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