Confidence Petroleum India Limited, the flagship company of Confidence Group having market cap of approx Rs. 400 Crores, involved in the business of LPG cylinder manufacturing, LPG bottling, LPG marketing, LPG blending, Auto LPG cylinder manufacturing & Auto LPG dispensing for more than a decade and providing logistical support to PSU oil majors at national level, has entered into a joint venture with Energtek Inc. (OTCBB: EGTK), world leaders in NG & Adsorbed Natural Gas (ANG) Technology to provide clean and affordable pipeless Natural Gas supply to automotive and industrial consumers. Energtek Inc. is a U.S. based company with subsidiaries in the U.S., India, Ukraine, and Israel. 

In the first phase of the joint venture, Confidence Petroleum will make an investment of Rs. 100 Crores for co-ownership of Energtek’s subsidiary Primecyl LLC. A new fully owned subsidiary of Primecyl LLC, “Confi Energtek Asia Ltd.”, would be established in India to carry the Joint Venture businesses in India and throughout Southeast Asia which includes Bangladesh, Indonesia, Thailand, Singapore, Philippines and Pakistan. Primecyl LLC is also the owner of Ukcyl Ltd., a manufacturing facility for high-pressure cylinders in Ukraine.

Incat, global leader in Engineering Services Outsourcing (ESO) and Product Development IT services, has entered into a strategic alliance with Tata AutoComp, one of India’s leading automotive components manufacturers. The alliance offers global automotive manufacturers a single source for automotive engineering and design services from Incat, combined with complete product development and component manufacturing from Tata AutoComp. 

The Incat-Tata AutoComp alliance has already secured a major project for the complete design and development of a new vehicle platform for a leading Chinese automotive OEM. With this move, both companies are established as full-service suppliers for vehicle design and manufacturing within their respective markets.

Precision Valevtrain, a Precision Camshafts group company, has bagged the DHL & CNBC TV18 Outstanding Exporter of the year award. The company also won the Overall Outstanding Exporter of the Year award. Precision Valvetrian is a 100per cent export oriented company engaged in the export of camshafts. 

The company caters to clients like camshafts to auto giants like, General Motors, Ford, BMW, Porsche, Daimler Benz in Europe, South Korea, China & Brazil. The awards were presented at the 2nd “International Trade Award 08” organized by DHL & CNBC TV18 recently.