Rain Industries has received approval for up-gradation of cement mill at Unit II, Boincheruvupalli Village in the state of Andhra Pradesh (AP), by Rain Cements, a wholly owned subsidiary of the Company, at a project cost not exceeding Rs 41.90 crore which will be funded through internal accruals and is expected to be completed by June 30, 2019. With the up-gradation, cement grinding capacity will increase from 2.033 million tonne to 2.795 million tonne. The Board of Directors of the company at their meeting held on August 14, 2018, approved the same.
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).