Rain Industries’ arm realigns product portfolio

22 Jun 2018

Rain Industries’ step-down wholly owned subsidiary -- Rain Carbon Inc. has revised its reporting segments to include Carbon and Advanced Materials, effective January 1, 2018. The shift from Chemicals to Advanced Materials reflects the company’s increasing focus on transforming by-products of its coal tar and petrochemical feedstock distillation activities to produce raw materials that support high-growth products of the future.

The shift to Advanced Materials allows company to place greater emphasis on premium products such as Carbores and Petrores, which are used in specialty applications such as lithium-ion batteries and energy storage.

Rain Industries is engaged in the business of manufacturing cement, Calcined Petroleum Coke (CPC) and power. It is the largest producer of CPC with a production capacity of 2.49 million tonnes per annum (MTPA).

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176.95 -2.20 (-1.23%) May 06, 12:57
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323