Rain Industries Limited — Updates, 31-01-2025: Press Release

Rain CII Carbon (Vizag) Limited, a subsidiary of Rain Carbon Inc., is set to establish a new facility in the Andhra Pradesh Special Economic Zone (APSEZ), Anakapalli, focusing on processing, blending, and upgrading pitch. The project aims to cater to the growing demands of the Indian steel industry, utilizing by-products from nearby steel projects.

The initiative will be executed in two phases. Phase I, expected to launch in the second half of 2025, entails an investment of approximately US $5 million, with an annual capacity of around 50,000 metric tons, targeting graphite, battery, and aluminum markets. Phase II will implement modular distillation technology with a projected annual capacity of 200,000 metric tons, utilizing both domestic coal tar and petroleum feedstocks.

The company has secured the necessary environmental clearances and aims to enhance its market position in a sustainable manner, signaling a positive outlook for future operations and growth within India's industrial sector.