|From Left to Right: Mr Anil Jain, MD & CEO, Time Technoplast Ltd and Mr Nitin Khara, Chairman & MD, Confidence Group Ltd at the launch of India's first-of-its-kind 100% blast proof LPG composite cylinders
Mumbai, February 26, 2019: Confidence Petroleum India Limited (CPIL) (BSE Code: 526829), India's leading Private Sector LPG marketer & retailer and Time Technoplast Limited (TTL) (BSE Code: 532856), a leading technology based innovative polymer product company, have joined hands by entering into a‘Cooperation Agreement’ with a view to give major thrust to retail LPG cylinder market under the brand name ‘GoGas Elite’.
‘GoGas Elite’ blast proof LPG composite cylinders have been launched keeping in mind the importance of safety and convenience in Indian kitchens. These light weight translucent cylinders are manufactured using composite material which have high fire and heat resistance, are non-corrosive, UV protected and 100% re-cyclable when compared to the conventionally available LPG cylinders. Consumers can order ‘GoGas Elite’ cylinders via an App which will be delivered 24x7. This collaboration is aimed at ‘GoGas Elite’ spreading its wings to 22 states across India, making life of consumers safe and convenient.
Confidence Petroleum India Limited had launched ‘GoGas Elite’ cylinders a couple of months ago, targeting commercial and industrial users. Backed by its commercial success, Confidence Group has ventured to launch ‘GoGas Elite’ in the residential space.
These composite cylinders manufactured by Time Technoplast Ltd. are approved and certified by Indian and International certification bodies. Every composite LPG cylinder goes through a stringent 14 point quality check before it is ‘certified ok’ for commercial use.
Speaking on the occasion, Mr. Nitin Khara, Chairman & Managing Director of Confidence Group, said, “We, in partnership with Time Technoplast, are happy to herald the next phase of evolution in Indian kitchens – be it residential or commercial, by introducing ‘GoGas Elite’ brand of world class light-weight, blast-proof, rust proof & translucent composite LPG Cylinders to make the Indian kitchens more safe, clean & consumer friendly. We are moving to an App based time bound delivery of LPG Cylinders on 24x7 basis at the click of a finger for the delight of our consumers. The company’s 58 LPG bottling plants are ready to fill composite cylinders to cater to the demand of 22 states. We are also planning to launch these composite cylinders in Indonesia where we have 2 LPG bottling plants”.
Mr. Anil Jain, Managing Director & CEO, Time Technoplast Limited stated, “Time Technoplast introduced LiteSafe Composite Cylinders– translucent, lighter & absolutely blast proof for the first time in India. We have approval for these Cylinders in 58 countries and are exporting it to over 28 countries worldwide. We are grateful to Confidence Group for launching the LiteSafe Composite Cylinders in Indian market under the brand name ‘GoGas Elite”.
About Confidence Petroleum Limited:
Confidence Group is India's leading private sector Liquified Petroleum Gas (LPG) retailer. The company markets LPG under the brand name 'GoGas' and has 127 Auto LPG Dispensing Stations spread over Tamil Nadu, Karnataka, Andhra Pradesh Maharashtra, Gujarat, and Telangana. The company has recently introduced light-weight and blast-proof composite LPG cylinders under the brand name 'GoGas Elite' for domestic and commercial LPG use. Confidence Petroleum is India's largest manufacturer of LPG Cylinders with a capacity of manufacturing 5 million units per annum. The company has pan India presence with 15 cylinder manufacturing units and 58 bottling plants across 22 Indian states. For more information, visithttp://www.confidencegroup.com
About Time Technoplast Limited:
Time Technoplast (www.timetechnoplast.com) is a leading technology based innovative polymer product company. Over the years, TimeTech has emerged as a formidable player in the polymer space, with a product repertoire that caters to diverse segments like Industrial Packaging, Infrastructure, Lifestyle, Healthcare, Composites and Auto Components related products. It focuses on replacing metals with polymers in high performance areas using innovation and latest technology. TimeTech services wide spectrum of user industry in each of its business verticals, reducing sectoral risks and tapping new opportunities for growth. TimeTech is an aspiring Indian multinational having presence in India, Thailand, Taiwan, Indonesia, Vietnam, Malaysia, UAE, Bahrain, Saudi Arabia & Egypt.