Carborundum Universal Limited — JV/Acquisition, 10-04-2026: Acquisition

Carborundum Universal (CUMI) has invested Rs 6.48 crore for a 29.58% stake in Putrim Renewables Pvt Ltd (PRPL), a new solar power SPV. This strategic move aligns with CUMI's ESG goals, securing 18 MWp of captive solar power for its Tamil Nadu plants. The investment enables CUMI to increase green power consumption and reduce its carbon footprint. Funded by internal accruals, this enhances operational sustainability, transitioning CUMI's energy reliance from traditional to green sources.