Carborundum Universal Limited — JV/Acquisition, 27-05-2026: Acquisition

Carborundum Universal (CUMI) has acquired a 29.58% equity stake in Putrim Renewables Private Limited (PRPL) for Rs 6.48 crore. This strategic investment deepens CUMI's existing relationship with PRPL, a company with whom it already has a Power Purchase Agreement. This move signifies a clear strategic rationale: enhancing CUMI's energy security and operational sustainability through backward integration into renewable energy sources. It aims to secure a more stable and cleaner power supply for its operations, potentially improving long-term cost efficiency.