IPL sponsorship: Ceat will sponsorcertain segments of IPL matches, investing about Rs 240 crore over five years. The Board of Control for Cricket in India selected Ceat as an official partner. My11Circle, RuPay, and Angel One acquired IPL sponsorship slots. Ceat specialises in selling tyres for vehicles.
These notices, called compliance notices, have been issued under the Air Pollution and Control of Prevention Act, 1981 to S P Singla Construction, J Kumar Infra Projects Ltd, Resonant Realtors Projects Pvt Ltd and Lonavala Construction Company.
CEAT Ltd has planned a capex of approximately INR 750 crore for the current fiscal year, primarily aimed at increasing its production capacity of agri-radial tyres at the Ambernath plant in Maharashtra, according to CEO Arnab Banerjee. CEAT expects higher volumes supplied to original equipment manufacturers in Q3 and Q4 of this fiscal year, as the company is switching to bigger rim sizes with automaker approvals anticipated soon. The rural replacement market, where CEAT experienced significant growth in the first quarter, may take another two quarters for demand to recover.
On the operating performance, the company s earnings before interest, taxes, depreciation, and amortization (EBITDA) during the June quarter stood at Rs 384.7 crore, compared to Rs 171.3 crore in the year-ago period. While EBITDA margin stood at 13.1% in Q1 FY24.
BHPian divirokr recently shared this with other enthusiasts.Update: 1 year and 10,000 km completedWriting this post on the 1st of April 2023, exactly 1 year after I got the delivery of my 'Greyhound'.