Breaking News

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

14-Aug2017

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

Crude oil futures end higher on Tuesday

After falling in previous session, Crude oil futures ended higher on Tuesday in the wake of a short-term disruption in Libyan output. Libya's national oil company has declared force majeure on exports......

Gold futures end lower on stronger dollar

Gold futures ended lower on Tuesday, as dollar extended gains to second straight session in line with a rebound in US yields and weakness of the pound amid still lingering uncertainty about Brexit. However,......

Copper futures end higher on Tuesday

Copper futures ended higher on Tuesday as investor appetite for riskier assets returned following a sell-off in the previous session. Boosting equities and metals were discussions between representatives......

Top News

View all news

NBCC receives LoA from Ministry of Skill Development and Entrepreneurship

NBCC (India) has received a Letter of Award (LoA) of work from Ministry of Skill Development and Entrepreneurship, Government of India for construction of office building i.e. Kaushal Bhawan at New Delhi.......

Phoenix Mills transfers its entire stake held in Insight to Island

Phoenix Mills has entered into a Share Purchase Agreement (SPA) with Insight Mall Developers, its wholly-owned subsidiary (Insight) and Island Star Mall Developers, its subsidiary (Island), for sale/disposal......

AGC Networks' arm incorporates subsidiary in New Zealand

AGC Networks' wholly owned subsidiary -- AGC Networks Australia Pty, Australia, has incorporated its subsidiary namely 'AGC Networks New Zealand' which is registered with the Registrar of Companies of......