Date:02/12/2007 URL: http://www.thehindubusinessline.com/2007/12/02/stories/2007120250980201.htm

Back Carborundum sells land for Rs 58 cr

Chennai, Dec. 1

Carborundum Universal Ltd, the Murugappa Group company, has sold 4.4 acres at Pallikaranai for Rs 58 crore. According to information provided by the company to the stock exchange, the company has disposed the land and building at Pallikaranai after shifting production of coated abrasives to a new facility at Sriperumbudur, west of Chennai. The operations at the factory were closed last month. At Rs 13.18 crore an acre, it works out to about Rs 3,026 a sq. ft. - Our Bureau