International Combustion (India) has received an approval for setting up of a new Strategic Business Unit (SBU) for the dry mortar business. The board of directors at its meeting held on June 11, 2014 has approved for the same.
This development is however subject to the necessary approval for the alterations/additions to the objects clause of the memorandum of association of the company by the shareholders of the company at the forthcoming Annual General Meeting.
International Combustion (India) set up a plant in 1963 to manufacture capital equipment like grinding mills, mechanical vibrators, small-size feeders, pulverisers and pumps, etc, for the mineral beneficiation industry, and core sector industries like thermal power plants, steel plants, fertiliser plants, etc.
