Wednesday, May 24, 2017

CEAT Cricket Rating felicitates R Ashwin as International Cricketer of the Year
  • CEAT Young player of the year goes to Shubman Gill

Leading tyre manufacturer CEAT Limited celebrated the success and glory of International cricket with ‘CEAT Cricket Rating (CCR) International awards 2017’ at a ceremony here today. The awards honored the best of International cricketers based on their performances as rated by the CEAT Cricket ratings (CCR) for the year 2016 – 2017.

CEAT Cricket Rating (CCR) is the first cricket rating to officially recognise and reward cricketers for their performances in the international cricket arena.

Mr. Harsh Goenka, Chairman, RPG Enterprises, said, “Last year saw a lot of explosive action across all formats of cricket. The year saw some outstanding performances, but some individuals broke away from the pack owing to their blistering and consistent performances throughout the year. Their performances from time to time brought joy to our faces and we are delighted to felicitate one of them at this year’s CEAT Cricket Rating Awards. We would like to congratulate R Ashwin and young Shubman Gill for entertaining us throughout the year and would like to wish them the best for the upcoming season."

In the past, the awards have honored the best of the International cricketers based on their performances in international cricket in all formats, i.e. Test, ODI and T20, as rated by the CEAT Cricket ratings (CCR) council.

India’s Right Arm Off break R Ashwin was announced as the CEAT International Cricketer of the Year for finishing a scintillating year with 99 wickets, which included 9 five wicket hauls. Rewarding and encouraging young talent, India’s Shubman Gill who played a great role in Indian U-19 win against England, amassing a whopping 603 runs in 9 games at an impressive average on 67, was awarded as CEAT Young Player of the Year.

“Last year I was honored with the International Bowler of the Year award. And it’s only become bigger and better with this award – The CEAT International Cricketer of the Year. It’s an absolute honor to receive this award and given the players who have won this award before me, it’s a huge motivator as well to keep the consistency going. I would like to thank CEAT for their token of appreciation. I am thrilled and feel privileged to be part of an exclusive club,” said R Ashwin on receiving the honors.

Speaking on the occasion cricket legend and the chief adjudicator of the CEAT Cricket Rating, Mr. Sunil Gavaskar said, “The CEAT International Cricket Awards are one of the most coveted awards in the cricketing world simply because they are given purely on performance and not on any subjective likes or dislikes.”

This year CEAT announced its association with India’s swashbuckling batsman Ajinkya Rahane, thus strengthening the CEAT roster along with Suresh Raina, Rohit Sharma & former India Under-19 captain Ishan Kishan.

ABOUT THE CEAT CRICKET RATINGS AWARDS:

The CEAT Cricket Rating was the first rating system in international cricket to recognize and reward outstanding performers in cricket on an annual basis. Conceived in 1995 by CEAT, the CEAT Cricket Rating attempted to answer every cricket-lover’s persistent and perennial query – “Who is the best of the best?”

The CEAT Cricket Rating stands out by virtue of its simplicity. It comprises an objective points system that awards points to cricketers for their batting, bowling and on-field performances.

The cricketer that accumulates the highest number of points in their respective categories at the end of the period are declared the CEAT Cricket Rating International Cricketer.

The past winners of the CEAT Cricket Rating have been:

Year
Cricketer of the Year
1995-96
Brian Lara
1996-97
Venkatesh Prasad
1997-98
Sanath Jayasuriya
1998-99
Jacques Kallis
1999-00
Sourav Ganguly
2000-01
Muttiah Muralitharan
2001-02
Muttiah Muralitharan
2002-03
Ricky Ponting
2003-04
Brian Lara
2004-05
Jacques Kallis
2005-06
Ricky Ponting
2006-07
Muthiah Muralitharan
2007-08
Mahela Jayawardene
2008-09
Gautam Gambhir
2009-10
Shane Watson
2010-11
Jonathon Trott
2011-12
Virat Kohli
2013-14
Virat Kohli
2014-15
Kumar Sangakkara
2015-16
Joe Root

The adjudicators: The CEAT CRICKET RATINGS are overseen by cricketing legend Sunil Gavaskar, who is the adjudicator for the ratings.

CEAT Ltd (www.ceat.com):
CEAT, the flagship company of RPG Enterprises, was established in 1958. Today, CEAT is one of India’s leading tyre manufacturers and has strong presence in global markets. CEAT produces over 15 million tyres a year and offers the widest range of tyres to all segments and manufactures world-class radials for: heavy-duty trucks and buses, light commercial vehicles, earthmovers, forklifts, tractors, trailers, cars, motorcycles and scooters as well as auto-rickshaws.

RPG Enterprises (www.rpggroup.com):
Mumbai head-quartered RPG Enterprises is one of India's largest industrial conglomerates. With over 15 companies in its fold, the group has a strong presence across core business sectors such as Infrastructure, Tyre, IT and Specialty. Established in 1979, RPG Enterprises is one of India’s fastest growing business groups with a turnover in excess of Rs 21,000 crore.

Displaying Photo 1 - Left to Right - R Ashwin, Sunil Gavaskar, Harsh Goenka (Chairman, RPG Enterprises) at CEAT Cricket Rating Awards 2017 in Mumbai..JPG
Displaying Photo 2 -Left to Right - Anant Goenka (MD, CEAT LTD), Shubman Gill, Suresh Raina, R Ashwin, Sunil Gavaskar, Harsh Goenka (Chairman, RPG Enterprises) at CEAT Cricket Rating Awards 2017 in Mumbai.JPG

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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...