MANUFACTURING CG Semi Fires Up Gujarat OSAT Plant, Sets Eyes On Global Chip Customers

CG Semi Pvt Ltd (CG Semi), a joint venture between CG Power and Industrial Solutions Ltd of Murugappa Group, Japan’s Renesas Electronics Corporation and Stars Microelectronics, has commenced commercial production at its G1 Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. The commercial launch took place in the presence of Prime Minister Narendra […]

CW Bureau · Jul 4, 2026

INFRASTRUCTURE CG Power Expands EHV Switchgear Capacity With New Nashik Facility

Murugappa Group company CG Power and Industrial Solutions Ltd (CG) has commenced manufacturing operations at its new extra high-voltage (EHV) switchgear facility, S3 Unit-II, in Nashik, significantly enhancing its ability to cater to the growing demand for power transmission equipment in India and overseas markets. The ₹39.49 crore new facility, located alongside the company’s existing […]

CW Bureau · Jun 4, 2026

MANUFACTURING EID Parry Infuses ₹600 Cr Into PSRIPL To Settle Obligations Of Shut Refinery

Murugappa Group company EID Parry (India) Ltd has infused around ₹600 crore into its wholly owned subsidiary Parry Sugars Refinery India Pvt Ltd (PSRIPL) to meet debt obligations, with the company expecting to complete all loan repayments linked to the closed Kakinada sugar refinery by June 2026. The update, shared during the company’s latest earnings […]

CW Bureau · Jun 2, 2026

MANUFACTURING CUMI Decides To Shut Down Loss-Making Units, Invests In Fab Facility

Carborundum Universal Ltd (CUMI) has initiated closure of its loss-making overseas units while stepping up investments in semiconductors, advanced ceramics and value-added materials as part of its long-term growth strategy. The Murugappa group company has decided to wind up Germany-based Awuko and discontinue operations at South Africa-based Foskor Zirconia after prolonged losses and weak market […]

CW Bureau · May 22, 2026

MANUFACTURING CUMI Eyes Expansion, Advanced Materials For Aspiration 2030 Growth

Carborundum Universal Ltd (CUMI), a Murugappa Group company engaged in abrasives, ceramics, electro-minerals and refractories, is accelerating investments in capacity expansion, advanced materials and new-age technologies as part of its “Aspiration 2030” growth strategy aimed at building new revenue engines over the next five years. The company said the first year of the Aspiration 2030 […]

CW Bureau · May 22, 2026

MANUFACTURING Tube Investments Q4 PAT Rises 16%; Board Approves ₹350-Cr Fund Raise

Tube Investments of India Ltd, part of the Murugappa Group, reported a 16% increase in standalone net profit for the March quarter at ₹284 crore compared with the year-ago period. The company had reported a net profit of ₹814 crore in the corresponding quarter last year, which included a fair value gain of ₹569 crore […]

CW Bureau · May 13, 2026

MANUFACTURING CG Power Profit Jumps 32% To ₹362 Cr, Sales Up 25%; Order Book Surges

Murugappa Group company CG Power and Industrial Solutions Ltd reported a strong performance for the March quarter, with consolidated net profit rising 32% year-on-year to ₹362 crore. Aggregate sales for the quarter grew 25% to ₹3,442 crore, driven by robust execution and momentum across key business segments. Segment performance drives growth The Industrial Systems segment […]

CW Bureau · May 6, 2026

MANUFACTURING Tube Investments, N Govindarajan To Invest ₹100 Cr In 3xper Innoventure

Murugappa group firm Tube Investments of India Ltd (TII) has entered into a supplementary agreement with 3xper Innoventure Ltd and N Govindarajan to invest ₹75 crore by TII and ₹25 crore by Govindarajan respectively, in compulsorily convertible preference shares (CCPS) of the company. TII subsidiary 3xper operates in the contract development and manufacturing organisation (CDMO) […]

CW Bureau · Apr 23, 2026

AUTO TI Clean Mobility Completes Full Acquisition Of Tivolt Electric Vehicles

Murugappa Group company TI Clean Mobility Pvt Ltd (TICMPL) has acquired the remaining three crore equity shares of Tivolt Electric Vehicles Pvt Ltd for ₹30 crore, making it a wholly owned subsidiary. TICMPL is a subsidiary of Tube Investments of India Ltd. This transaction will enable TICMPL to consolidate its holding and have better operational […]

CW Bureau · Apr 1, 2026

MANUFACTURING Parry Sugars’ Kakinada Refinery Shut; EID Parry Steps In With ₹740 Cr Aid

Murugappa Group company EID Parry (India) Ltd has announced the immediate shutdown of the sugar refinery unit run by its wholly-owned subsidiary Parry Sugars Refinery India Pvt Ltd (PSRIPL) at Vakalapudi in Kakinada, citing sustained losses and a mounting debt burden. To settle the subsidiary’s liabilities following the closure, the parent company will infuse substantial […]

CW Bureau · Mar 31, 2026

MANUFACTURING Carborundum Universal Starts Thin Wheel Production At Hosur Facility

Carborundum Universal Ltd (Cumi), part of the Murugappa Group, has commenced commercial production of cutting and grinding wheels (thin wheels) at its manufacturing facility in Hosur. The new plant established at an investment of ₹83 crore is expected to generate a turnover of around ₹160 crore at peak capacity utilisation. The new production line has […]

CW Bureau · Mar 16, 2026

RETAIL/FMCG EID Parry Plans FMCG Expansion Through Acquisitions

Murugappa Group company EID Parry (India) Ltd is exploring inorganic opportunities in the consumer non-sweetener segment as it looks to expand its footprint in the broader food FMCG space, with potential announcements expected in the first quarter. “We are looking at inorganic opportunity in this consumer non-sweetener business. It would be the nice optimal way […]

CW Bureau · Feb 19, 2026