This small-cap stock specializing in industrial products is in focus today after it announced its plan to set up a coal tar distillation facility in the Andhra Pradesh Special Economic Zone.
Share Price Movement
The shares of Rain Industries Ltd with a market capitalization of Rs 4,931.84 Crores, as of 10:30 AM, were trading around Rs 147 per share, around 1.3% higher than its previous close of Rs 144.9.
What Happened
As per a press release dated January 31, 2025, Rain CII Carbon Limited, a wholly owned subsidiary of Rain Industries Ltd is proposing to set up a new facility to process, blend, and upgrade pitch in the Andhra Pradesh Special Economic Zone (APSEZ) in Anakapalli.
The initiative will be executed in two phases:
Phase I is slated to commence in the second half of 2025 and will cost an estimated US $5 million. This phase will have an annual capacity of approximately 50,000 metric tons (MT) per pitch year, targeting the Indian graphite, battery, and aluminum markets.
Phase II will involve the deployment of RAIN’s modular distillation technology, It will have an annual capacity of approximately 200,000 MT per year, leveraging domestic Indian coal tar and petroleum feedstocks, supplemented by imported materials.
Financials
The company’s Revenue from operations declined by 5.4% from Rs 4,160 Crores in Q2FY24 to Rs 3,934 Crores in Q2FY25. Their Net Losses increased from Rs 66 Crores to Rs 155 Crores over the same period.
Previous Updates
As per a press release dated January 23, 2025, Rain Carbon Canada Inc., a wholly owned subsidiary of Rain Industries Limited in collaboration with Green Graphite Technologies Inc. aims to refine and scale up its proprietary process for producing high-purity natural graphite battery anode materials, ensuring it meets the rigorous standards required for next-generation EV batteries.
About Rain Industries Ltd
Rain Industries Ltd is one of the world’s largest producers of calcined petroleum coke, coal tar pitch, and other high-quality advanced materials. The Company continues to grow through capacity expansions and mergers and acquisitions worldwide. It operates in three key business segments: carbon, advanced materials, and cement. The company’s facilities are spread across 3 continents, with 15 production sites and employing over 2,400 employees.
Written by Adhvaitha Nayani
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