Breaking News

You are here » Indian-Commodity  :  Top News  :  Rain Industries' arm to set-up Vertical Shaft Kiln CPC Plant at APSEZ


Rain Industries' arm to set-up Vertical Shaft Kiln CPC Plant at APSEZ

Rain Industries has received an approval for setting-up of Vertical Shaft Kiln Calcined Petroleum Coke (CPC) Plant to produce 370,000 tons per annum (TPA) in Andhra Pradesh Special Economic Zone (APSEZ), Visakhapatnam, Andhra Pradesh by Rain CII Carbon (Vizag), a step down wholly owned subsidiary company (RCCVL) to meet the increasing demand for CPC from Smelters in India and the regions around. The board of directors at its meeting held on August 11, 2017 has approved for the same.

The project will also include a Co-generation Power Plant of 15 MW to efficiently use the flue-gases from the Vertical Shaft Kiln CPC Plant. Vertical Shaft Kiln technology will enable RCCVL to meet the optimal quality specifications of its customers by blending CPC produced in RCCVL's existing Rotary Kiln CPC Plant in Visakhapatnam, Andhra Pradesh, India. The estimated project cost is Rs 424 crore ($65 million). RCCVL is estimated to commence operations during First Quarter of 2019.

Besides, considering the increasing demand for Pitch from the customers, RAIN Carbon GmbH, a step down wholly owned subsidiary company is making additional investment of $17.0 million to debottleneck the existing Petro-Chemical Feedstock Distillation Facilities in Belgium and Germany to facilitate use of higher blends of Petro-Chemical Feedstock and Hard Pitch. The installed capacity would increase from 180,000 Tons per annum to 200,000 Tons per annum.

Further, the capacity utilization of such Petro-Chemical Feedstock Distillation Facilities would increase with construction of additional storage facilities and other infrastructure required. These Petro-Chemical Projects in Belgium and Germany are estimated to commence operations during December, 2018.

Related News

View all news

Copper futures end lower on Friday

Copper futures ended lower on Friday as the dollar recovered against a basket of major currencies and US tariffs that could provoke a trade war, weighed on the markets. A strong US currency makes dollar-priced......

Gold futures end lower on Friday

Gold futures ended lower on Friday, pressured by strong dollar and expectations that US Federal Reserve will hike interest rates in the meeting next week for the first time this year. The rate hike generally......

Physical Rubber prices witness some weakness on Friday

Physical Rubber prices showed some weakness on Friday. Spot prices for RSS-4 variety remained unchanged at Rs 125.50/ kg; while the RSS-5 variety fell to Rs 122/ kg compared to its previous closing of......

Top News

View all news

Sadbhav Infrastructure emerges lowest bidder for Vadodara Kim Expressway Project

Sadbhav Infrastructure has been declared L-1 (Lowest) bidder by the National Highways Authority of India (NHAI) for new Hybrid Annuity Project in the State of Gujarat.The Project is for the construction......

Tribhovandas Bhimji Zaveri opens 37th store in Pune

Tribhovandas Bhimji Zaveri has opened its 37th store at Unit No. UG-71, Phoenix Market City Mall, Viman Nagar, Pune, in state of Maharashtra on March 17, 2018.Tribhovandas Bhimji Zaveri, a well-known jewellery......

DHFL planning to raise funds through NCDs

Dewan Housing Finance Corporation (DHFL) is planning to raise funds through Non-Convertible Debentures (NCDs). The company has proposed to issue Secured Redeemable NCDs amounting to Rs 300 crore and a......