25 Apr 07 Everest Kanto Cylinder gets export order
Everest Kanto Cylinder announced that it has bagged export orders worth Rs. 220 crores. Following the news the Everest Kanto stock surged by over 4%. The Everest Kanto Cylinder counter is witnessing a strong bull rally which started in December 2006, when the Everest Kanto Cylinder scrip was trading at its year low of Rs.550. From there, the Everest Kanto Cylinder scrip has rallied non stop to touch a high of Rs.1037 this month.
Everest Kanto Cylinder is the market leader in CNG cylinders used in automobiles and in high pressure industrial gas. It also enjoys a very good market share in medical oxygen, fire fighting and also defence related markets. Everest Kanto Cylinder has a combined manufacturing capacity to produe 7 lakh cylinders per annum through its four manufacturing facilities. Everest Kanto Cylinder has three manufacturing facilities in India and one abroad.
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