Monday, January 20, 2025

Eritrean Berhane Tesfay and Kenyan Joyce Chepkemoi Tele New champions emerged at the Tata Mumbai Marathon 2025


Eritrean Berhane Tesfay and Kenyan Joyce Chepkemoi Tele New champions emerged at the Tata Mumbai Marathon 2025

 Mumbai, 19 Jan. 2025: New champions emerged in the twentieth edition of the Tata

Mumbai Marathon, a World Athletics Gold Label Road Race, as Eritrean Berhane Tesfay

and Kenyan Joyce Chepkemoi Tele won the men's and women's categories, respectively.

The top three winners each took home prize money of USD 50,000, USD 25,000 and USD

15,000 respectively.

The winners were happy to celebrate their victories here for two reasons -- Tesfay for his

first-ever marathon triumph and Tele for her second successive win in three months in a

marathon.

Six men, including defending champion Lemi Berhanu, ran together in a bunch in most parts

of the race. At the same time, pacer Timoty Kibet from Kenya pulled them to 27 km before

withdrawing at that stage. After the 30K, Kenyan Philemon Rono and Lemi exchanged the

lead briefly among themselves. After 35K, the runners realized that the event record was

slipping away. Hence, only the top-place finish matters in their mind.

Ethiopian Tesfaye Demeke, who finished ninth in the 2020 edition here, snatched the lead

when there were only 3 km left to finish. The other runners started chasing him. Both Rono

and Lemi started showing fatigue as two Eritreans, Berhane and Merhawi Kesete, increased

their tempo and ran ahead of Demeke in the waning stages of the race.

Berhane Tesfay crossed the finish line first in 2:11:44, with team-mate Kesete taking the

runner-up position six seconds later. Demeke completes the podium in 2:11:56.

Lemi, who logged back-to-back wins here in 2023-2024, finished sixth in a nondescript

2:14:54 and could not accomplish a hat trick of victories similar to Kenyan John Kelai, who

won in 2007-2008 and landed third place in 2009.

Tesfay said in a post-race interview, "I'm happy to have won today's race. The race's first

half went smoothly, and I stayed focused on keeping a steady pace. After 25K, my strategy

shifted to securing the win rather than chasing a specific time. This victory means a lot to

me, and it's a testament to the hard work and training that has gone into preparing for this

moment".

Tele became the third Kenyan woman to win in Mumbai:

Joyce Chepkemoi Tele (29) registered her second straight marathon victory in three

months. Having won her maiden race in Ljubljana City Marathon in Slovakia last October

in 2:20:17, the Kenyan runner was expected to return a better timing than the event record

of 2:24:15 stands in the name of Anchialem Haymanot since 2023.

With defending champion Aberash Minsewo from Ethiopia and the pre-race favourite

Shitaye Eshete (Bahrain) also in the race for the top prize, the women runners were

expected to take a course record bonus this time.

No comments:

Post a Comment

GIVE REVIEW ABOUT OUR UPDATE OR REQUEST

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...