Viable Investments Among Mid-Cap Indian Stocks

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Grindwell Norton Ltd. is a holding company, which engages in the manufacture of abrasives, ceramics, and plastic products. The company is headquartered in Mumbai, Maharashtra and currently employs 2,322 full-time employees. The company went IPO on 2000-04-18. The firm is engaged in the manufacturing of bonded abrasives, coated abrasives, thin wheels, and superabrasives. The company operates through two segments: abrasives and ceramics and plastics. The Company' Abrasives segment offers bonded abrasives in the form of wheels and other shapes, such as segment and sticks, which are used for various applications, such as lapping, honing, super-finishing, race grinding, thread grinding, fluting, outside diameter (OD) grinding, inside diameter (ID) grinding and surface grinding. Its Ceramics & plastics segment includes Silicon Carbide which is used as raw material in the manufacture of Abrasives; High Performance Refractories, which are used for processing ferrous and non-ferrous metals, and Performance Plastics, which produces and markets standard and custom-made polymer products. The company manufactures industrial ceramics, fused cast refractories, and solutions for wastewater treatment.

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