- Business
- Cochin Minerals and Rutile Limited Cochin Minerals and Rutile Limited engages in mineral processing and value addition, primarily manufacturing synthetic rutile from ilmenite for titanium pigment, sponge, and metal industries; ferric chloride as a coagulant for water treatment, etching, and waste management; ferrous chloride for wastewater processing in paper, pulp, textile, and chromium sectors; iron hydroxide (Cemox) as a substitute for iron ore in cement, steel, and ceramics; recovered TiO2 for paints; CMRL BF protector for blast furnace hearths; and CMRL rutoweld flux for welding electrodes. The company, incorporated in 1989 with equity participation from Kerala State Industrial Development Corporation Limited and headquartered in Aluva, Kerala, India, operates a 100% export-oriented unit at Edayar Industrial Development Area with capacities of 45,000 TPA synthetic rutile, 24,000 TPA ferric chloride, 72,000 TPA ferrous chloride, and 18,000 TPA Cemox, serving clients in Japan, USA, Europe, China, Middle East, and India across hi-tech titanium value chains including aerospace, medical implants, chemicals, and desalination. In recent developments, the company maintains a debt-free balance sheet with negative net debt, recommends a final dividend of Rs 8 per share (80%) for FY2025 subject to shareholder approval, reports full-year FY2025 net profit growth of 174% to Rs 23.56 crore on 6% sales increase to Rs 319 crore despite quarterly profit declines amid margin pressures from market conditions, and upholds ISO 9001:2015 and ISO 45001:2018 certifications as India's largest aqua ferric chloride producer and a recipient of national export and eco-friendly awards.