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Carborundum Universal to set up greenfield unit in Gujarat

Carborundum Universal, a leading manufacturer of abrasive materials is planning to set up a greenfield manufacturing facility in Gujarat with an investment of Rs. 1000 million. The project will manufacture brown fused alumina will have a capacity of 35000 tpa. It will also have a 24 MW lignite based captive power generation unit. It has entered into a joint-venture agreement with Gujarat Mineral Development Corp for the project. CUMI will hold the majority stake of 51% in the venture.

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