Ceat Q4 net profit falls 83.38%, still beats estimates : Rashtra News #Ceat #net #profit #falls #beats #estimates Tyre manufacturer Ceat, an RP Goenka group firm, has posted an 83.38% fall in consolidated net profit at Rs 25.43 crore for the fourth-quarter ended March 31, 2022, impacted mainly by rising raw material prices. A consensus
The World Economic Forum gives the certification to manufacturers that use technologies to transform their factories, value chains and business models.
The minister’s day-long visit to Mumbai ahead of the Investors Summit saw him meeting corporate heads including Tata Group Chairman N Chandrasekaran, Jindal Group Chairman and Managing Director Sajjan Jindal and Hindustan Unilever Limited Managing Director Sanjeev Mehta, , KT Rama Rao, telangana, Telangana Government, KTR Minister, investors summit
Tyre major Ceat is aiming at increasing production capacity to around 1,400 tonne a day over the next 18 months as it looks to cater to the enhanced demand in both domestic and export markets, a top company official said. The RPG Group flagship expects demand to gather pace in the domestic market in the next few quarters. The company is already witnessing demand recovery in several of its export markets with improvement in COVID situation in those geographies. The company, which produces tyres for all kinds of two- wheelers, passenger and commercial vehicles, plans to invest about Rs 1,000 crore capital expenditure for various expansion projects this fiscal year.