Published on 2/12/2020 9:27:31 AM | Source: SPA Securities Ltd

Key News Sandeep Kataria, Infraprojects & LT Foods Ltd by SPA Securities

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Sandeep Kataria, CEO, Bata India elevated as Global CEO - Bata Brands

The Bata Shoe Organization announced the appointment of Sandeep Kataria as CEO, effective immediately. Mr. Kataria is the first Indian to be elevated to this prestigious global role of the footwear major.

As the CEO of Bata India Ltd, Mr. Kataria has helped drive the Company's consistent growth and profitability. Under his leadership, Bata India doubled its profits driven by double digit topline growth, and sponsored some of the most ingenious campaigns, including 'Surprisingly Bata', that revamped Bata's image as a more vibrant and contemporary brand, targeted at younger consumers.

Commented Sandeep Kataria, CEO - Bata Brands: "I am honoured to accept this new appointment and excited by the journey ahead of us. Bata is a brand with an enviable reputation for high quality, affordable footwear. I have been privileged to be part of Bata's success in India.“

Capacit'e Infraprojects Limited receives order from Raymond Limited's Realty

Division Capacit'e Infraprojects Limited, has received repeat orders from Raymond Limited (Realty Division) worth Rs. 148.2 Crores for TenX Project at Raymond Limited, Thane. The repeat orders are within the existing project premises.

Commenting on the same, Mr. Rahul Katyal, Managing Director said, "We are delighted that Raymond Limited have shown their confidence in Capacit'e Infraprojects Limited and awarded further works at their TenX project at Thane. We remain confident of delivering these projects within the stipulated timelines and to client satisfaction..“

LT Foods Europe expands its operational capacity with new packaging lines in Rotterdam,

The Netherlands LT Foods Europe commenced its operations in the Netherlands in 2017 to serve the European market. The Company sells a wide range of rice including popular varieties like Basmati, Thai Jasmine, Long Grain rice from this plant. The Company is located at Maasvlakte, Rotterdam which enjoys a locational advantage for rice import and distribution across Europe. Since its commencement 3 years back, LT Foods has expanded its customer base and has established its footprint across many countries in Europe. To further expand its business and better service its customers, LT Foods has made further investment in expansion of packaging capabilities by commissioning additional packing lines.

This expansion is in line with fiveyear growth strategy of the Company. The inauguration ceremony for new packaging line was attended by His Excellency Mr. Venu Rajamony - Ambassador of India to The Netherlands along with Mr. V K Arora, Chairman LT Group and Mr. V Magoon, Managing Director LT Foods Europe BV.

Commenting on the inauguration, Chairman, Mr. Vijay Kumar Arora said that, - "I believe that this investment will allow us to further grow our footprint in Europe and become No.1 supplier of the finest basmati from India & Pakistan. Our gratitude goes to our key retail partners who have supported us through this expansion phase."


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