Confidence Petroleum India Launches 5 New CNG Stations in Bengaluru

On June 18, 2024, Confidence Petroleum India Limited (CPIL) announced a significant milestone in its efforts towards promoting clean energy solutions with the launch of five new Compressed Natural Gas (CNG) stations in Bengaluru. This expansion brings CPIL’s total network of CNG stations in the city to 40, marking a substantial stride in bolstering sustainable infrastructure in urban centres.

In collaboration with GAIL (India) Limited, CPIL’s expansion initiative underscores its steadfast commitment to fostering a greener environment in Bengaluru. The addition of these stations not only enhances accessibility to clean fuel but also contributes to reducing vehicular emissions, thereby supporting the city’s aspiration to become more environmentally friendly.

CPIL highlighted that achieving 40 CNG stations within a short span is a testament to its proactive approach and capability to set new standards in the industry. By expanding its footprint in Bengaluru, CPIL aims to lead by example and drive the adoption of cleaner fuel alternatives across the region.

Speaking on the occasion, CPIL expressed its vision to replicate this successful model in collaboration with other City Gas Distributors nationwide. The company emphasised its role in advancing India’s energy transition agenda, aligning with national goals of reducing carbon footprint and promoting sustainable development.

Earlier this year, in April, the company opened 3 new CNG Stations in Banglore, expanding from 32 to 25. Now, with 5 more added, Confidence Petroleum India Limited holds 40 CNG stations in Banglore. In April, the company set a target of 100 CNG stations in Bangalore.

As CPIL continues to expand its network and innovate in the clean energy sector, it remains committed to driving impactful changes that contribute to a cleaner, healthier future for Bengaluru and beyond.

About Confidence Petroleum India Limited

Confidence Petroleum India Ltd is involved in the LPG and CNG sectors in India. The company manufactures LPG cylinders and is also a supplier of auto LPG in India. They also supply packed LPG cylinders and are involved in LPG bottling, catering to commercial and industrial customers.

On June 18, 2024, the share price of Confidence Petroleum India Ltd opened at ₹83.00, touching the day’s high at ₹84.98, as of 12:04 PM on the NSE.

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