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Rain Industries Ltd.

BSE: 500339 Sector: Others
NSE: RAIN ISIN Code: INE855B01025
BSE LIVE 15:57 | 20 Nov 318.35 -11.40
(-3.46%)
OPEN

313.55

HIGH

339.45

LOW

313.30

NSE 15:59 | 20 Nov 318.70 -11.40
(-3.45%)
OPEN

320.00

HIGH

339.40

LOW

313.60

OPEN 313.55
PREVIOUS CLOSE 329.75
VOLUME 1645399
52-Week high 402.00
52-Week low 43.80
P/E 357.70
Mkt Cap.(Rs cr) 10,708
Buy Price 318.35
Buy Qty 1656.00
Sell Price 0.00
Sell Qty 0.00
OPEN 313.55
CLOSE 329.75
VOLUME 1645399
52-Week high 402.00
52-Week low 43.80
P/E 357.70
Mkt Cap.(Rs cr) 10,708
Buy Price 318.35
Buy Qty 1656.00
Sell Price 0.00
Sell Qty 0.00

Rain Industries Ltd. (RAIN) - Company History

Rain Commodities Limited (RCL), one of the leading producers of cement in South India was incorporated on 15th March 1974 under the name and style of Tadpatri Cements Limited. RCL is engaged in the manufacture and sale of Cement (under the brand 'Priya Cement') and Calcined Petroleum Coke (CPC) along with generation of Electricity. At present, Rain owns and operates 3 cement plants with a combined capacity of 3.2mn mtpa, 8 CPC plants with a capacity of 2.5mn mtpa. The name of the company was changed to Priyadarshini Cement Limited on 4th May of the year 1984. 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 accepted the sick industrial companies (Sp.Provisions) scheme, also passed an order. RCL commissioned its first ready mix concrete plant in December of the year 1999 at Hyderabad. The second ready mix concrete plant of the company had set up at Miyapur, also in Hyderabad. It had set up two manufacturing plants with a rated capacity of 7200 cubic meters per month. During the year 2000, RCL had proposed to acquire Hemadri Cements, nearly year after taking over a cement unit from Nagarjuna Construction Company. The Company got its present name as Rain Commodities Limited on 27th December of the year 2004. The cement business, housed in RIL, was transferred to the company with effect from July of the year 2006. The Company's wholly owned subsidiary Rain Commodities (USA), Inc., (RCUSA) acquired 100% of the membership interests of AIP/GLC Holdings, LLC in October 2006 from American Industrial Capital Partners II, L.P. Rain Commodities (USA), a wholly owned subsidiary of the company had entered into an agreement with Great Lakes Carbon Income Fund, Toronto, Canada during February of the year 2007 to acquire majority stake and certain assets. The Company had acquired CII Carbon of USA In July of the same year 2007, manufacturing 1.9Million TPA of CPC with manufacturing facilities in Illinois, Louisiana, Missisipi and West Virginia. Rain Calcining got amalgamated with RCL in November of the year 2007. RCL had launched a feasibility study to construct, own and operate a petroleum coke calcining plant in China through its wholly owned subsidiary Rain CII Carbon LLC, USA (Rain CII) in February of the year 2008,. The Company had incorporated Rain Calciner, India and Rain Global Services, USA as it's wholly owned subsidiaries in April of the year 2008. RCL's second unit situated in Kurnool had started its commercial production with expanded capacity of 1.5 million metric tonnes of cement per annum with effect from 19th June 2008.