EVEREST KANTO CYLINDERLTD Share price

Everest Kanto Cylinder Limited was incorporated as Everest Kanto Cylinder Private Limited on 24th June 1978 under the Act. The company was promoted jointly by the families of Khuranas and Thakkar both the families having trading background in High Pressure Seamless gas cylinders. Being conversant with the market they identified a gap in the small cylinders market segment in the country and jointly decided to put up a cylinder manufacturing unit in the year 1978. Later on Mr J. T. Thakkar and family withdrew from the business and transferred his interest to Mr P. K. Khurana in September 1983.Due to the aggregate turnover exceeding the prescribed limits the Company became a deemed public company as per the provisions of the Act namely section 43A of the Act in July 1 1989. Subsequently due to the amendment effected to the said Section 43A of the Act the Company reverted to being a private limited company. On June 7 2005 the company was converted into a public limited company and received fresh Certificate of Incorporation consequent to change of name to Everest Kanto Cylinder Limited.The first manufacturing facility suitable for manufacturing small sized seamless cylinders of water capacity (1 to 21 litres) was set-up in collaboration with Kanto Koatsu Yoki Manufacturing Company a Japanese cylinder manufacturer at Aurangabad in the year 1978. Later EKC expanded its manufacturing capacity with in house technology by setting up a new facility at Tarapur in the year 1985 to manufacture large sized cylinders of higher water capacities (21 to 80 litres) which was later expanded to manufacture the widest range of High Pressure Gas cylinders with water capacity up to 280litres and capable of withstanding extreme working pressure of upto 400 Bar. In order to tap the emerging potential for cylinders in markets like Iran Pakistan Bangladesh etc EKC set up a new state of the art manufacturing facility at Dubai which has gone into commercial production during 2003-04. Dubai plant has been set up in the Jebel Ali Free Trade Zone Area and functions as a Branch office of EKC under the operating name of ?EKC Industries?. In sum the company has state of the art manufacturing facilities at Aurangabad Tarapur and Dubai (UAE) and manufactures its cylinders from seamless tubes of international quality.MILESTONE ACHIEVED BY THE COMPANY Aurangabad Plant Year 1981 Commercial production started 1986 Commencement of Export-To Gulf Countries 1997 Introduced BS-5045 standard for export to Europe1998 Export to European countries 1998 Development of Accumulator shells 1998 Company accomplished ISO 9002-1994 certification1999 Crossed more then 1000 lacs by value of cylinders dispatched2000 Introduction of first indigeneous spinning machine2002 More than a lac cylinders were produced and dispatched2003 ISO upgraded to 9001-2000 2004 400 Bar defence standard cylinders were manufactured. Tarapur Plant 1988 Installation and commissioning of plant 1989 Production of 49072 industrial gas cylinders1993 Installation and commissioning of second Spinning machine1996 Maximum production of 111787 cylinders 1998 Development of CNG cylinders for Market 1998 Supply of CNG cascades to MGL 1999 Development of CNG cylinders for OEM's 1999 ISO-9002 certification by BVQI 2000 Supply of CNG cascades to IGL 2001 Supply of 43567 CNG cylinders to OEM's 2002 Supply of 45172 CNG cylinders to OEM's 2001 Production of 10000 CNG cylinders in July 20012002 Installation of flow forming machine Dubai Plant 2001 Signed Contract with Dubai Govt. 2002 Commencement of construction 2004 Commencement of commercial production 2004 First dispatch of cylinders 2005 Achieved full capacity utilization towards the end of the financial yearCertification ReceivedBureau Veritas Quality International Certification for Standard ISO9001:2000 for Tarapur PlantBureau Veritas Quality International Certification for Standard ISO9001:2000 for Aurangabad PlantBureau Of Indian Standards Certification for Standard IS 7285:1988 forAurangabad PlantBureau Of Indian Standards Certification for Standard IS 7285:1988 forTarapur PlantBureau Of Indian Standards Certification for Standard IS 7285:1988 forDubai Plant