QUARTERLY MAGAZINE October 2023 Vol 14
QUARTERLY MAGAZINE October 2023 Vol 14
Bulletin
In addition to his new role, Anant Goenka will continue to serve as the Vice Chairman of CEAT and Zensar Technologies. This move strengthens the leadership at the group headed by Harsh Goenka, ensuring stability and continuity in the long term for the group, which is acclaimed for its corporate governance and people friendly value system.
Harsh Goenka, Chairman of RPG Group said, "Anant's extensive experience, driving CEAT towards performance excellence over the past decade, will play a pivotal role in shaping the next wave of growth for the RPG Group. This era is defined by rapidly evolving technology and I believe Anant has the requisite skills and business instincts to herald change and make a difference in the way we adapt to technologies, markets and consumers.”
RPG Group’s flagship infrastructure company, KEC International continues to be a proud enabler of one of the largest railway networks in the world – Indian Railways, in its journey towards modernisation and improving travel of rail passengers. The company has electrified about 24% or ~1,564 Route KM of Idia’s railway tracks during FY23. Last year, the company’s Railway business secured orders of ₹ 2,900 crore, including maiden orders in the indigenous Train Collision Avoidance System (TCAS) under ‘KAVACH’.
During FY24, the business expanded its presence into the international market, with a Signalling & Telecommunication (S&T) order in Bangladesh, and forayed into the emerging segment of Automatic Block Signaling (ABS).
E-Luminati, RPG’s in-house Digital Academy is a three-tier programme designed to boost the digital dexterity of RPGians. Through E-Luminati, every employee will gain access to world-class resources, expert trainers, and cutting-edge digital content. Level-1 ensures that each participant becomes digitally conversant and is capable of kickstarting the discovery of digital use-cases within the organisation. Level-2 (L2) is all about being a practitioner. Participants in L2 will undergo extensive workshops and take up capstone projects. Level-3 aims to create experts in the organisation on specific technologies. These participants will identify and execute vendor strategies, create suitable technology stacks and drive core use-cases within the organisation. E-Luminati is our investment in the future of our organisation.
During Q2FY24, the group companies - KEC, CEAT and RPG Life Sciences - all crossed significant milestones by surpassing lifetime high in market capitalisation. KEC crossed a market cap of ₹19,000 crore on 13th September, RPGLS crossed ₹2,000 crore on 29th August, and CEAT crossed ₹10,000 crore on 06th July.
Congratulations to the teams!
In a significant move to bolster its association with cricket, CEAT has brought on-board Shafali Verma, the prodigious Indian cricketer, as its latest brand ambassador.
Shafali Verma said, “I am thrilled to join the CEAT family. It has, for long, been a brand that has been associated with some exceptional cricketers and I hope to carry forward that trend. What’s more important is the role CEAT is playing in acknowledging women’s cricket, which makes this relationship even more special.”
CEAT has been synonymous with cricket, and the addition of Shafali to its roster of ambassadors which includes stalwarts such as Rohit Sharma, Shubman Gill, Shreyas Iyer, Harmanpreet Kaur, and Mathew Hayden, only reinforces its commitment to the sport.
