Rain Industries Limited — Important, 15-05-2025: General Updates

Rain Industries is benefiting from strong demand in its Carbon segment, led by battery anode material growth and higher GPC prices amid supply gaps in China. It secured GPC supplies and is using a global CPC blending approach to enhance volumes and margins. Carbon Distillation plants are running at ~70% capacity with steady operations. Indian capex is underway to capture rising regional demand. Advanced Materials, notably Phthalic Anhydride, gains from tighter European supply. Cement division expansion continues despite low returns. Higher working capital from market changes is expected to normalize, aiding future debt cuts.