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Carborundum Universal jumps on entering into techno-commercial agreement

14 Jun 2012 Evaluate

Carborundum Universal is currently trading at Rs. 151.00, up by 3.00 points or 2.03% from its previous closing of Rs. 148.00 on the BSE.

The scrip opened at Rs. 153.20 and has touched a high and low of Rs. 153.35 and Rs. 150.50 respectively.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 175.00 on 16-Apr-2012 and a 52 week low of Rs. 132.00 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 153.35 and Rs. 144.95 respectively. The current market cap of the company is Rs. 1,416 crore.

The promoters holding in the company stood at 42.10% while Institutions and Non-Institutions held 30.24% and 27.66% respectively.

Carborundum Universal has entered into a techno-commercial agreement with Sheffield Refractories, UK and with Anderman Ceramics, UK. The agreement is to manufacture, supply and install a range of high end refractory solutions for the steel industry, glass industry and for aerospace component manufacture.

The manufacturing of these products would be done at Carborundum’s plant at Ranipet and also at the proposed new location. Sheffield Refractories is a producer of specialized refractories for integrated steel plants, boilers used in power projects and cement plants.

Anderman Ceramics are a leading international distributor of technical ceramic parts and components with operations in the UK, the US, and in France.

Carborundum Universal, popularly known as CUMI, is engaged in manufacturing of coated and bonded abrasives, super refractories, electrominerals, industrial ceramics and ceramic fibres in India.

Carborundum Univer. Share Price

939.35 -0.60 (-0.06%)
20-Apr-2026 15:25 View Price Chart
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