Rain Industries advances as its arm imports first shipment of Anydrous Carbon Pellets into India

18 Dec 2019 Evaluate

Rain Industries is currently trading at Rs. 96.10, up by 0.65 points or 0.68% from its previous closing of Rs. 95.45 on the BSE.

The scrip opened at Rs. 98.40 and has touched a high and low of Rs. 98.40 and Rs. 95.65 respectively. So far 4381 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 148.60 on 19-Dec-2018 and a 52 week low of Rs. 77.05 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 98.40 and Rs. 92.30 respectively. The current market cap of the company is Rs. 3210.42 crore.

The promoters holding in the company stood at 41.10%, while Institutions and Non-Institutions held 15.27% and 43.63% respectively.

Rain Industries’ wholly owned subsidiary -- Rain Carbon Inc., has imported its first shipment of Anydrous Carbon Pellets (ACP) into India. This specially engineered, value-added material will be used as a feedstock by Rain CII Carbon (Vizag), a wholly owned subsidiary of Rain Industries located in Visakhapatnam in the state of Andhra Pradesh.

The first shipment of ACP was produced in a small-scale pilot plant at Rain Carbon's Lake Charles calcination facility in Louisiana, USA. The company is constructing a commercial-scale ACP production plant at its Chalmette facility in Louisiana, and it is expected to be operational in early 2020.

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).

Rain Industries Share Price

151.85 -0.85 (-0.56%)
28-Mar-2024 14:14 View Price Chart
Peers
Company Name CMP
Rain Industries 151.85
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