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
AUTO
Tube Plans ₹500–750 Cr Fresh Infusion For Clean Mobility Turnaround
Tube Investments of India Ltd (TII) has reaffirmed its long-term commitment to electric mobility, signalling a renewed push to scale its EV vertical TI Clean Mobility, even as the business has taken longer than expected to reach breakeven. Addressing analysts, Vellayan Subbiah, Vice Chairman, Tube Investments of India, acknowledged early execution challenges but said the […]
Sajan C Kumar
·
Feb 9, 2026
