Murugappa group firm Carborundum Universal Ltd. (CUMI) has signed an agreement with DRDO’s Research Centre Imarat (RCI) Laboratory for licensing technology to manufacture “Ceramic Radomes (GELCAST Process) Technology” used in missile systems. Ceramic Radomes Technology is considered ‘state-of-the-art’ across the globe. “CUMI is honoured to play a part in shaping India’s destiny by contributing to a strong […]
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EID Parry’s Haliyal unit would be expanded to 120 KLPD at a cost of ₹181 crore by Q4 of FY24. Murugappa group firm EID Parry (India) Ltd. will incur capital expenditure of ₹268 crore for FY24 towards expansion of its distilleries at Haliyal in Karnataka and Nellikuppam in Tamil Nadu. “Once the Haliyal distillery expansion […]
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Cholamandalam Financial Holdings Ltd. (CFHL), a core investment company of the Murugappa Group, has posted a 63% growth in its consolidated net profit for the first quarter to ₹582 crore. Total income rose by 10% to ₹3,963 crore, the company said in a regulatory filing. Cholamandalam Investment & Finance Company Ltd., in which the company […]
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Murugappa Group firm CG Power and Industrial Solutions Ltd. said it has achieved financial turnaround in its first full year of operations ended March 22 and cleared net debt of ₹650 crore (including CG House debt). This fiscal has been a defining year, seeing the complete operational and financial turnaround of the company. All the […]
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