Anda di halaman 1dari 6

RAIN CII:

Pitch Products
The expansion and a global economic recovery that will lift aluminum consumption will help boost Rain Commodities profit in 2015, Rao said. Ruetgers distills coal tar to make pitch products that are blended with calcined petroleum coke and pressed into anodes, which are baked in kilns for 17 days at a temperature of 1,250 degrees Celsius (2,282 degrees Fahrenheit) to produce aluminum, according to Aluminium Bahrains website. The anodes are replaced about every 28 days. Rain, which also makes Priya Cement in India, has a total capacity to produce 2.4 million tons of calcined petroleum coke or about 8 percent of global output, according to the companys website. N. Jagan Mohan Reddy, a graduate from Purdue University, formed Rain Calcining Ltd. in 1989, which was combined with Rain Commodities and Priyadarshani Cements Ltd. in 2004, according to the Business Standard newspaper. The company is working toward increasing net cash generation to as much as $150 million as demand improves, from $80 million now, and plans to use internal accruals of as much as $500 million in four years to cut debt from $1.3 billion, Rao said. If one is looking to invest in the stock for six to eight months, one might not get the value asked for, said Rohit Agarwal, an analyst at SPA Securities Ltd. in Mumbai. The prospects are good over a two-year period as aluminum demand will be good once the global markets recover. These guys will be in a good position to benefit from that.
You can view name of Chairman, CEO, CFO, Management Team, Board of Directors and Key Executives of Rain Calcining Ltd.

Management

Name

Designation

A V Rammurty

Director

Brian L Acton

Director

Dipankar Basu

Chairman / Chair Person

N Balakrishna Iyer

Director

N Jagan Mohan Reddy

CEO

N Jagan Mohan Reddy

Managing Director

S L Rao

Director

S Venkat Ramana Reddy

Co.Secretary & Compl. Officer

S Venkat Ramana Reddy

Secretary

T L Sankar

Director

T Srinivasa Rao

VP Finance

Y Santosh Kumar Reddy

Executive Director

<a href="http://ad.doubleclick.net/N7176/jump/Economictimes/ET_Markets_300x100;sz=300x125;ord=[timestamp]?"><i mg height="125" width="300" src="http://ad.doubleclick.net/N7176/ad/Economictimes/ET_Markets_300x100;sz=300x125;ord=[timestamp]?"></a>

Get a Quote

Get Quote

Latest From ET Latest From Web o o o o o

Indian pays Rs 36 lakh to rescue compatriot in Sau... Novartis, BioE join hands for typhoid, paratyphoid... Gold futures slip below 26k level, down 0.40 pc on... Deutsche cuts BSE Sensex target to 21,000 from 22,... 36-hour general strike affects life in Manipur hil... more

o o

Mirchi Kaan Awards 2013: Ogilvy & Mather named Agency of the Year Investors have lost confidence in the inventory-led business model: Kunal Bahl & Rohit Bansal

o o o

The business case for carbon management Pilot Error Eyed in Crash Rupee's pain is bullion's gain; buy gold: Kishore Narne

Most Read Most Shared Most Commented

o o o o o

How shell companies turn black money of India... Sharekhans top ten stocks for the month of J... RIL chief Mukesh Ambani joins M&M boss to bac... Why corporates like Godrej, Mahindra, Piramal... Ishrat Jahan encounter case: CBI evidence aga...
More

o o o o o

How shell companies turn black money of India... Why corporates like Godrej, Mahindra, Piramal... Are retirement homes for you? All you need to... Five tax filing mistakes to avoid this year Sharekhans top ten stocks for the month of J...
More

o o o o o

How shell companies turn black money of India... Metal fencing around nuclear plant leads to d... From transit point, Bihar turns major hub for... Intelligence suffering, Manmohan Singh should... Rising rural wage may boost UPAs chances
More

Company History - Rain Calcining Ltd.

YEAR EVENTS 1989 - The Company was incorporated on 8th November, and received the certificate for commencement of business on 20th November. The main objects of the company as per the Memorandum and Articles of Association of the company. - The Company has been promoted by Shri N. Jagan Mohan Reddy and associates, HIE-Rain and AMICOR. 1994 - The Company is setting up a 100% EOU for the manufacture of 250,000 tpa of CPC, in the port area of Visakhapatnam, AP. The project will have a power generation facility capable of generating an annual average of 41 MW of surplus power from the flue gases evolved during processing, calcination and combustion of GPC, which will be sold to industrial consumers or APSEB under a Power Wheeling and Purchase Agreement between the Company and APSEB dated 4th November. 1995 - The Company has entered into a technical assistance contract with HIE, on 20th April, in terms of which HIE will

provide technical and managerial advice to the company with respect to the design, engineering, construction operation and maintenance of the power generation facility. - The Company has enetered into an agreement on 20th April, with AIMCOR for assisting the Company in marketing its production of CPC in the international and Indian markets. 1996 - The Company has entered into a consultancy services agreement with Coke Calcining Consulting Inc., U.S.A. (CCCI), on 29th April. 1997 - The company is setting up a 100 per cent export-oriented unit in Andhra Pradesh in technical collaboration with HIERain and AIMCOR for manufacturing calcined petroleum coke from imported green petroleum coke. - RCL promoted by a US based Non Resident Indian group, Houston Industries Energy-Rain Inc, AIMCOR and IFC will be the largest of its kind project in Asia and is expected to have operating costs that are the lowest in the global coke calcining industry. - The Company has awarded the contract for erection of plant and machinery to Larsen & Toubro Limited and erection works have commenced. - The Public issue of the company of 3,85,00,000 Equity Shares of Rs. 10/- each for each at par aggregating Rs. 38,50,00,000 including firm allotments to Indian Financial Institutions/Banks/FIIs/NRIs/OCBS/aggregating Rs. 10,50,00,000 during the February. 1998 - Rain Calcining Ltd, promoted by a US-based group of NRIs headed by Mr. N. Jaganmohan Reddy, along with USbased Houston Industries Energy Inc, AIMCOR and International Finance Corporation. - The company is also setting up 49 MW captive power plant. - The company proposes to harness the waste heat to generate electricity. - RCL has a power-wheeling and purchase agreement with the APSEB, under which the company can sell the surplus power to industrial consumers in Andhra Pradesh. 1999 - RCL is the largest producer of calcined petroleum coke (CPC) in Asia with a capacity of 3 lakh tonnes. - RCL has a technical as well as financial collaboration with Reliant Energy International Inc and AIMCOR. - RCL has an installed capacity of 300,000 tpa of Calcined petroleum Coke, which is used in the aluminium smelting process. 2002 -Informs NSE about the address of acting R & T agents as M/s Karvy Consultants Ltd, 'Karvy House', 46, Avenue-4, Street No 1, Banjara Hills, Hyderabad 500 034. 2003 - The Washington-based, International Finance Corporation (IFC), offloads 26.58lakh equity shares of the Hyderabad based, Rain Calcining Ltd. -Mr. Steven H Schuler and Mr S L Rao appointed as the Additional directors on the board of the company. -Acquires 24.79% equity holding stake in their foreign technology and equity partner, Reliant Energy Rain Inc. -Improves its performance quarter after quarter because of the uptrend in the prices of aluminium in the international markets. - Mr. Steven H Schuler, nominee of Reliant Energy-Rain, Inc. in the Board of Directors of the company and Mr. Douglas Darrow, Alternate to Mr. Steven H Schuler have given their resignation. 2004 -RCL buys out entire stake held by US partner in Reliant Energy Rain

2004 -Rain Calcining Ltd has informed that the company had made an application to the Hyderabad Stock Exchange Ltd (HSE) for delisting of shares and HSE vide its letter dated December 31, 2003 have confirmed the delisting of the equity shares of the company from HSE w.e.f. January 05, 2004. 2005 - Company commences commercial production of the expanded calcination plant effective May 23, 2005 and, accordingly, the capacity of the CPC plant has increased from 300,000 MTPA to 480,000 MTPA. -Rain Calcining signs O&M agreement with PCIC Registered Address

6-3-571/2, II Floor, "Rockvista" Rockdale Estate, Somajiguda City: Hyderabad State: Andhra Pradesh Pincode: 500082 Email ID: hydinfo@raincalcining.com Web Url: Scindia Road Naval Base Post City: Vishakapatnam State: Andhra Pradesh Pincode: 530014 Email ID: Web Url: "Rain Center" 34, Srinagar Colony, City: Hyderabad State: Andhra Pradesh Pincode: 500073 Email ID: hydinfo@raincalcining.com Web Url: http://www.raincalcining.com
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.

Sales rise 18.42% to Rs 41.02 crore Net profit of Rain Commodities declined 44.69% to Rs 2.03 crore in the quarter ended March 2013 as against Rs 3.67 crore during the previous quarter ended March 2012. Sales rose 18.42% to Rs 41.02 crore in the quarter ended March 2013 as against Rs 34.64 crore during the previous quarter ended March 2012.