Total revenues increased by 30 percent to Rs. 339 million. Profit after tax increased by 54 percent to Rs. 71 million. Further, a 1:1 bonus was issued. The dividend for the year is Rs 15 per share of Rs. 10 each.

Wendt‘s Abrasives for Stone / Construction Industry

Principal Business
Manufactures Abrasives for Stone / Construction Industry (Diamond and CBN grinding wheels & tools) and special purpose machines. This joint venture with Wendt Gmbh, allows CUMI to offer its customers the full range of abrasives product viz., conventional and Abrasives for Stone / Construction Industry.
It has a plant at Hosur in Tamil Nadu

Website: www.wendtindia.com

Total revenues increased 27 percent to Rs. 294 million. Profit after tax of Rs. 36 million was at previous year’s level. Dividend for the year was Rs 10 per share of Rs. 10 each.



MMTCL’s ceramic fibre products

Principal Business
Manufactures ceramic fibre, which is a refractory material. The Company serves iron and steel, power, petrochemicals, ceramics and furnace building industries. Its plant is located at Ranipet in Tamil Nadu. As CUMI is also in refractories business there are synergies between MMTCL and CUMI’s operations

Total revenues increased 146 percent to Rs. 170 million. Profit after tax increased 282 percent to Rs. 26 million. A dividend of Rs. 20 per share of Rs. 10 each has been recommended.

Reformer at IOC’s refinery lined by Ciria India

Principal Business
Design and installation of refractory liners for the petrochemical and fertilizer industries