History

_x000D_ Rain Industries Ltd, erstwhile Rain Commodities Ltd (RCL), was incorporated on March 15, 1974. In 1986, RCL was listed on a public exchange. The company came under the special provisions for sick Industrial companies in 1990. RCL commissioned its first ready-mix concrete plant in Hyderabad in December 1999._x000D_ _x000D_ In 2013, the company's name was changed to Rain Industries Ltd. In 2016, Rain Industries set up its fourth Coal Tar Distillation plant in Cherepovets, Russia, via a joint venture with PAO Severstal, Russia. In 2016, RAIN Group established a CPC blending centre in Vishakapatnam. In 2017, it began construction of a vertical-shaft calcination plant in a Special Economic Zone in Visakhapatnam to enable the production of high-density CPC. In 2019, the company announced the production of anhydrous carbon pellets (ACP), a proprietary product, to mitigate the risk of reduced anode-grade GPC supply. In 2019, the company formed a new business segment, Advanced Materials, to expand the by-products pool of coal tar and petrochemical feedstock distillation activities._x000D_ _x000D_ In 2020, it commissioned a new facility in Germany to produce 'water-white' resins for adhesives and hygiene-product applications. Similarly, it continued to build on the PETRORESr speciality coatings for electric vehicles and lithium-ion battery markets with the introduction of LIONCOAT product, and proprietary NOVARESr resins are playing an important role in improved fuel economy and driving safety when used in tyre applications._x000D_ _x000D_ In FY 2021, the company commissioned the vertical-shaft calciner plant in Atchutapuram and completed its first sale of CPC. This new plant allows for a higher percentage of green petroleum coke raw material to be converted into CPC. In 2021, it opened a rubber lab in Duisburg, Germany and commissioned a ground-mounted, 1 MW solar plant in Suryapet. _x000D_ _x000D_ In 2021, the company expanded the production capacity for PETRORES and LIONCOAT carbon precursors for the rechargeable lithium battery market. In 2021, an improved fresh-lime injection system was installed at the Norco site to improve SO2-scrubbing efficiency. In 2022, the company introduced new products like NOVARES TM 85 AS and TM 100 AS for use in tyres, coatings, and adhesive applications, NOVARES Pure Series of hydrogenated hydrocarbon resins and switched to petro-based indene fractions for resin production._x000D_

Business Segments

_x000D_ The company has the following 3 primary business segments:_x000D_

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1. Carbon - The company produces carbon products, including Calcined Petroleum Coke (CPC), Coal Tar Pitch (CTP), and Green Petroleum Coke (GPC). It also produces energy obtained in the Waste-Heat Recovery (WHR) process and other derivatives of coal tar distillation, including creosote oil, naphthalene, phthalic anhydride and others. In CY 2022, this segment brought in around 74% of the total revenue.
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2. Advanced Materials - RIL’s NOVARES resins help enhance the resistive ability of paints and coatings, including reduced moisture absorption, improved condensation resistance, high heat resistance and high film strength, and abrasion resistance. This segment brought in 19% of the total revenues of the company in CY 2022.
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3. Cement - The company produces various types of cement, around 75% of which is Portland Pozzolana Cement (PPC), which consists of up to 30% fly ash, a by-product of coal-fired power plants that would otherwise end up in landfills. This segment brought in 7% of the total revenue in CY 2022.
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_x000D_ Subsidiaries_x000D_ _x000D_ As of March 31, 2022, the company has a total of 22 subsidiaries, some of which include:_x000D_

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1. Rain Cements Limited - This wholly-owned subsidiary concentrates on cement production.
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2. Rain Commodities (USA) Inc - This wholly owned subsidiary focuses on the company’s operations in the USA.
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3. Rain Global Services LLC - This is a wholly owned subsidiary of Rain Commodities (USA) LLC to assist in its US operations.
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4. Rain Carbon Germany GmbH - This company looks after the group’s operations in Germany.
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Key Personnel

_x000D_ Mr N. Radhakrishna Reddy, Managing Director_x000D_ _x000D_ Mr. Reddy has experience spanning over 5 decades in this industry and has been a director of the company since 1984. He also sits on the boards of other companies such as Renuka Cements, Arunachala Holdings Pvt Ltd, etc._x000D_ _x000D_ Mr Brian Jude McNamara, Chairman_x000D_ _x000D_ He is a former banker with over 3 decades of experience in project finance, corporate finance and investment strategy and management. Till 2015, he had been handling investment operations at the International Finance Corporation in Washington D.C._x000D_

Corporate Actions

_x000D_ The following are some of the corporate actions performed by the company:_x000D_ _x000D_ Stock Split_x000D_ _x000D_ The company had split its stocks from a face value of ₹10 to ₹2 per share with a record date of June 16, 2011._x000D_ _x000D_ Mergers and Acquisitions_x000D_

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• In 2013, Rain Industries acquired Rutgers, then the world’s largest coal distiller. In the same year, Rain Calcining’s CPC and power generation business were transferred to Rain Industries.
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• The company incorporated Rain Calciner, India and Rain Global Services, USA, as its wholly-owned subsidiaries in April of the year 2008.
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