Aug. 16, 2018 - Carborundum Universal announced that its Edapally, Koratty and Kakkanad plants are all safe and continue to be in operation. However, the hydel power plant of the Company generating power for captive consumption of the Electrominerals division at Maniyar has been flooded and is currently not generating power. The employees working in this plant have been moved to safety. The non-generation of power by the plant has so far not impacted the operations of our facilities in Kerala which continue to be in operation. The extent of damage and the likely time to restore generation of power at this hydel facility can be assessed only after the water recedes.

The torrential and unprecedented rains in Kerala has caused wide spread disruption in normal activities of the people of the state. With our Electrominerals Division which contributes about 26% of our standalone revenues operating from this region, this release is being made by the Company to provide an update on the impact of the rains on our operations.

The facilities at Edapally, Koratty and Kakkanad are all safe and continue to be in operation. However, the hydel power plant of the Company generating power for captive consumption of the Electrominerals division at Maniyar has been flooded and is currently not generating power. The employees working in this plant have been moved to safety. The non-generation of power by the plant has so far not impacted the operations of our facilities in Kerala which continue to be in operation. The extent of damage and the likely time to restore generation of power at this hydel facility can be assessed only after the water recedes.

Shares of CARBORUNDUM UNIVERSAL LTD. was last trading in BSE at Rs.350 as compared to the previous close of Rs. 344.7. The total number of shares traded during the day was 3516 in over 163 trades.

The stock hit an intraday high of Rs. 352.8 and intraday low of 343. The net turnover during the day was Rs. 1231706.