Brief: Rain Industries Sept-Quarter Consol Net Profit Falls

Rain Industries

13/11/2019 08:43

Nov 13 (Reuters) - Rain Industries Ltd  RAID.NS :
    * DECLARED AN INTERIM DIVIDEND OF 1 RUPEE PER EQUITY SHARE
    * APPROVED SETTING UP OF ANHYDROUS CARBON PELLETS PLANT BY
RAIN
CII CARBON LLC, AT CHALMETTE, LOUISIANA, USA
    * APPROVED SET UP OF ANHYDROUS CARBON PELLETS PLANT BY UNIT
TO
MAKE 250,000 MTPA OF ACP, CALCINED CARBON PELLETS AT SEZ,
VISAKHAPATNAM
    * SEZ, VISAKHAPATNAM PLANT TO BE SET UP FOR $15 MILLION;
PROJECT
EXPECTED TO BE COMPLETED DURING Q2 2020
    * CAPITAL COST OF US $12 MILLION FOR CARBON PELLETS PLANT
    * SEPT-QUARTER CONSOL NET PROFIT 1.01 BILLION RUPEES VERSUS
1.90
BILLION RUPEES YEAR AGO
    * SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 29.92 BILLION
RUPEES
VERSUS 34.93 BILLION RUPEES YEAR AGO

Source text for Eikon:  ID:nBSEbBHxtf 
Further company coverage:  RAID.NS 

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