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Rain Commodities to set up waste heat recovery based power plant of 7 MW

28 Feb 2015

Rain Commodities has received its board’s approval to set up a Waste Heat recovery based Power Plant by Rain Cements (Wholly owned Subsidiary Company) at Boincheruvupalli Village, Peapully Mandal, Kurnool District, Andhra Pradesh. This new plant will generate up to 7 MW of gross electrical energy from the waste heat and the flue gases evolved during the cement manufacturing process at a project cost of Rs 70 crore. The project that will be financed by a combination of internal accruals and bank loans is expected to be completed in about 14 months.

The process of waste heat generation is environmental friendly that will bring down the flue gas temperatures. The heat recovery from the flue gases not only saves large quantities of fossil fuels but also substantially reduces the cost of power generation.

Rain Commodities is engaged in the business of manufacturing cement, Calcined Petroleum Coke and power. The company is the largest producer of CPC with a production capacity of 2.49 nillion tonnes per annum. Under cement, company has created brand namely Priya Cement. Presently the company markets its product mainly in South India in the states of Andhra Pradesh, Karnataka and Tamil Nadu.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323