Everest Kanto Cylinder has redeemed in full the outstanding $35 million zero coupon convertible bonds due on October 10, 2012 by paying the redemption amount of $49.98 million.
Everest Kanto Cylinder (EKC) is engaged in the business of manufacturing industrial and CNG cylinders. The company has production capacity of 500,000 cylinders on an annual basis. EKC’s Dubai plant manufactures cylinders ranging from 1 to 280 liters water capacity and working pressure from150-400 bar (Test Pressure up to 650 bar).
