Ceat plans Rs 2,800 cr investment to raise tyre production
With this, it aims to raise capacity by 1 mn tyres per annum for truck bus radials, 17 mn tyres per annum for 2-wheelers and 6 mn tyres per annum for passenger car radials19-12-2016
19-12-2016
Ceat To Invest Rs 2,800 Crore To Expand Capacity Over 5 Years
Tyre maker Ceat on Friday said it would invest Rs 2,800 crore spread over five years to expand its capacity.16-12-2016
CEAT announces investment of Rs. 2800 crore
Ceat Ltd has informed BSE regarding a Press Release dated December 16, 2016 titled "CEAT announces investment of Rs. 2800 crore".16-12-2016
Investment in Projects
Ceat Ltd has informed BSE that the Board of Directors has, at its meeting held on December 16, 2016, approved a proposal for investment of approx. Rs. 2800.00 crores over a perciod of five (5) years up to FY 2022 towards incremental capacity of 1 Mn tyres per annum for Truck Bus Radial, 17 Mn tyres per annum for 2-Wheelers and 6 Mn tyres per annum for Passenger Car Radials. The investments are proposed to be funded through a blend of debt and equity.16-12-2016
Change in Key Managerial Personnel (KMP)
Ceat Ltd has informed BSE that the Board of Directors has, at its meeting held on December 16, 2016 approved the appointment of Mr. Kumar Subbiah as Chief Financial Officer of the Company with effect from January 16, 2017 in place of Mr. Manoj Jaiswal, who takes over a different responsibility.16-12-2016
Updates
Ceat Ltd has informed BSE regarding "Transfer of Equity Shares of the Company to Investor Education and Protection Fund (IEPF) Suspense Account".08-12-2016
Change in Company Secretary & Compliance Officer
Ceat Ltd has informed BSE that Ms. Shruti Joshi has been appointed as the Company Secretary and Compliance Officer of the Company with effect from September 01, 2016 in place of Mr. H. N. Singh Rajpoot who has ceased to be the Company Secretary and Compliance Officer with effect from September 01, 2016. She is also designated as the Compliance Officer and Key Managerial Personnel as per section 203 of the Companies Act, 2013 and Regulation 6(1) of...23-11-2016
Revision of Rating(s)
Ceat Ltd has informed BSE that India Ratings and Research Pvt Ltd, a Rating Agency (Ind-Ra), has upgraded the Companys Long-Term Issuer Rating to "IND AA" from "IND "AA-". The outlook is Stable. The Companys Short Term Issuer Rating was affirmed at "IND A1+".18-11-2016
Ceat Tyres remains on firm ground despite tepid second quarter margins
Realization on sales at Ceat Tyres was lower on account of lower rubber price and price cuts taken on various product categories in the past few quarters11-11-2016
Details of the Analyst / Institutional Investors Meet
Ceat Ltd has informed BSE regarding "Details of the Analyst / Institutional Investors Meet".09-11-2016