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Ceat gets nod to venture into Bangladesh market

09 Feb 2012 Evaluate

Ceat has received an approval to venture into Bangladesh market through establishing a 65 MT/day manufacturing facility over there. The board of directors evaluated couple of overseas projects and approved for the above at its meeting held on February 08, 2012.

Ceat is among the best tyre manufacturers in India. Besides tyres, the company also manufactures and markets tubes and flaps. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks.

The company has posted a 52.30% decline in its net profit of Rs 2.39 crore for the quarter ended December 31, 2011 as compared to Rs 5.01 crore for the same quarter in the previous year. Net sales of the company increased by 18.18% to Rs 1,048.02 crore for the quarter compared to Rs 886.77 crore for the corresponding quarter of the preceding year. The company has reported that the results were adversely impacted by an illegal strike of workers at its Nasik factory from September 30, 2011 to October 22, 2011.

CEAT Share Price

3325.15 -31.65 (-0.94%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 130559.05
Apollo Tyres 409.20
CEAT 3325.15
Balkrishna Inds. 2263.25
JK Tyres & Inds. 406.10
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