Rain Industries Limited (RIL), erstwhile Rain Commodities Limited, is engaged in the business of manufacture and sale of Carbon Products, Chemicals and Cement. Carbon Products include calcined petroleum coke (CPC), coal tar pitch (CTP), green petroleum coke (GPC), energy produced through waste-heat recovery (WHR) and other derivatives of coal tar distillation including creosote oil, naphthalene, phthalic anhydride and others. Chemicals include resins, modifiers, superplasticizers, aromatic chemicals, and others. The company sells cement under the brand 'Priya Cement', one of the leading cement brands in South India. The company operates two integrated cement plants (one each in the States of Telangana and Andhra Pradesh) and one cement packing unit in the State of Karnataka.Rain Commodities Limited (RCL) was incorporated on 15th March 1974 under the name and style of Tadpatri Cements Limited. 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 tones of cement per annum with effect from 19th June 2008. The company's name was changed to Rain Industries Limited from Rain Commodities Limited, pursuant to the approval received from the Registrar of Companies, Hyderabad on July 8, 2013.Rain Industries made an application with the Hon'ble High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh for approval of the Scheme of Arrangement between the Company, Rain Cements Limited (Wholly Owned Subsidiary Company) and Moonglow Business Inc., (Step down Wholly Owned Subsidiary Company) and their respective Shareholders and Creditors under Section 391 to 394 of the Companies Act, 1956. The Hon'ble High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh vide its order dated 12 November 2015, directed the company to convene Meeting of the Shareholders of the Company on 19 January 2016 for obtaining approval for the Scheme of Arrangement between the Company, Rain Cements Limited, Moonglow Company Business Inc., and their respective shareholders and creditors.Rain Industries successfully completed the construction of its fourth Coal Tar Distillation (CTP) plant with a capacity of 300,000 metric tons per annum in Cherepovets, Russia on 11 February 2016 via a Joint Venture with PAO Severstal, Russia. The CTP plant is expected to operate at about 70% of its capacity in the first year of its operation. The advanced technologies installed in this CTP Plant will enable production of vacuum-distilled CTP, which is of a higher quality vacuum in a higher margin product. The Joint Venture Partner, PAO Severstal, has brought a long-term supply contract for the raw material - Coal Tar into this Joint Venture.