Rain Industries Ltd Share Price

Summary

Rain Industries Limited, erstwhile known as Priyadarshini Cement Limited was established on March 15, 1974 under the name of Tadpatri Cements Limited. The Company changed the name to Rain Commodities Limited on December 29, 2004. The name was thereafter changed from Rain Commodities Limited to Rain Industries Limited on July 8, 2013. The Company is engaged in the business of manufacture and sale of Carbon Products, Chemicals and Cement. Carbon Products include Calcined Petroleum Coke (CPC), Coal Tar Pitch (CTP), Green Petroleum Coke (GPC), energy produced through Waste-Heat Recovery (WHR) and other derivatives of coal tar distillation including creosote oil, naphthalene, phthalic anhydride and others. Chemicals include resins, modifiers, superplasticizers, aromatic chemicals, and others. With two integrated plants in Indian statesof Telangana and Andhra Pradesh, Company works a production capacity of 4 MNTPA, focusing on OPC and PPC grades. The plants in South India produce two grades of cement: ordinary portland cement (OPC) and portland pozzolana cement (PPC). Apart from this, it also has 16 manufacturing facilities located close to raw material suppliers and markets across seven countries in three continents. After two years, in 1986 RCL made its Initial Public Offering (IPO). The Company came under the provision of the Sick Industrial Companies (Sp. Provisions) during the year 1990 and in April of the year 1992, Board for Industrial and Finance Reconstruction (BIFR) had a
Read More