Carborundum Universal looks to boost revenue to Rs 32 billion by FY20

The company has been investing into developing new materials, and into over 250 Intellectual Property filings

Carborundum Universal Limited (CUMI), a leading player in the abrasives and electronic minerals business, is expecting better margins and new products to improve its growth. 

Revamping of its operations is expected to help the company clock in Rs 32 billion revenue by 2019-20 fiscal year from Rs 16 billion posted in the FY18.

The company has started the 2018-19 financial year on a strong note and its electro-minerals and ceramic businesses have seen good growth during the first quarter of the year, said a senior management official.   

“We expect to put up prices even further in the next three quarters, so I