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Carborundum Universal Ltd, a part of the Chennai-based Murugappa group, is engaged in the manufacturing of abrasives, ceramics, refractories, and electro-minerals.
Carborundum Universal substantially cut GHG emissions, waste, and water intensity, advancing its 2030 sustainability goals. Employee safety improved significantly with zero lost-time injuries. Green R&D investment rose, and no regulatory fines or product recalls occurred. The company, however, saw an uptick in customer service complaints.
Carborundum Universal Limited received approvals from NSE and BSE to reclassify Algavista Greentech Private Limited out of its Promoter Group. This formalizes AGPL's exit from promoter status, affecting the company's ownership structure.
CUMI commences commercial production at its new Hosur facility, adding 46 million wheels/annum and doubling total capacity to over 90 million. The Rs. 83 Cr investment targets strong growth in fabrication, construction, and engineering, aiming for Rs. 160 Cr turnover at peak capacity.
Carborundum Universal Limited has applied to reclassify Algavista Greentech Private Limited from its 'Promoter Group' to the 'Public category'. This structural change shifts an entity out of the promoter shareholding class.
Carborundum Universal's board approved Q3FY26 results: Standalone sales reached Rs. 769 Cr, PAT Rs. 85 Cr. Consolidated sales hit Rs. 1273 Cr, PAT Rs. 76 Cr. Declared Rs. 1.50 interim dividend. A promoter entity was reclassified. Russian operations face ongoing sanction hurdles.