A focussed acquisition policy and diversification into innovative verticals will help CUMI ride the surge in global & local orders.

Cumi has decided to delay its Russian expansion plan by six months, hit by a 16% increase in power cost there.

Carborundum Universal Ltd says it has acquired majority stake in a Russian firm for $37 million (about Rs 150 crore).

Carborundum Universal will acquire 84.14% stake in Russia's Volzhsky Abrasives Works (VAW).