Business - Briefly

CUMI inks pact with Russian company

CHENNAI: Carborundum Universal Limited (CUMI), a constituent of the Murugappa Group, has entered into a memorandum of understanding with the Administration of the Volgograd Region, Russia, for setting up a one lakh-tonne SiC fusion plant through its subsidiary Volzhsky Abrasive Works. The proposed plant will have environment friendly fusion technology. Volgograd region would extend support to the project by arranging power supply, raw material supply and suitable land, a release said. — Special Correspondent

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