Carborundum Universal Ltd.

Carborundum Universal has entered into a Share Subscription and Shareholders’ agreement with M/s. Amplus Energy Solutions PTE, Singapore and M/s. Grian Energy (GEPL) to invest Rs 8 crore in GEPL, aggregating to 4.19% in its equity capital for accessing the Contracted Capacity of around 10 MW in the Captive Power Plant of GEPL. The company had also entered into a power purchase agreement with GEPL for the purchase of Electricity generated by the plant for its captive consumption.

The proposed investment is aligned with the sustainability goals of the Company which operates power intensive facilities in its manufacturing process. This investment would aid the company to source Clean Green Energy thereby reducing the Carbon foot print.

Carborundum Universal (CUMI) manufactures and sells mainly Abrasives, Ceramics (Industrial Ceramics, Refractories) and Electrominerals.