Chanda Makhija Thadani, company secretary for Everest Kanto Cylinder Ltd, has informed the Bombay Stock Exchange that the Company and its wholly owned subsidiaries have received three significant orders, from India, the United Arab Emirates and China, totalling USD 27 million.
In India the Company has received orders for the export of CNG cylinders aggregating to about USD 5 Million. The execution of these orders is expected to be completed by May, 2010.
EKC International FZE, the wholly owned subsidiary of the Company in Dubai has received orders for the supply of CNG cylinders aggregating to about USD 20 Million. The execution of these orders has already started and planned to be completed by May, 2010.
EKC Industries (Tianjin) Co. Ltd, the wholly owned subsidiary of the Company in China has also received orders aggregating to about USD 2 Million for supply of Jumbo cylinders within China marking a breakthrough in the Chinese markets. The execution of these orders has also started and planned to be completed by May, 2010.
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