RTT News reported that Everest Kanto Cylinder had completed acquisition of major stake in Calcutta Compressions & Liquefaction Engineering Private Limited for a consideration of INR.2.40 crore. The company acquired 72.65% stake.

CC&L is in business of purchase and sale of natural gas. The company has subsisting agreement with Oil & Natural Gas Corporation for purchase of Coal Bed Methane Gas from its gas field located in Jharkhand.

(Sourced from rttnews.com)