India's Rain Industries jumps on battery anode material deal with Northern Graphite

Rain Industries

10/10/2024 06:26

** Shares of Rain Industries  RAID.NS  rise 7% to 117 rupees
    ** Carbon and other advanced materials maker said its unit
and flake graphite producer Northern Graphite  NGC.V  entered an
agreement to jointly develop, commercialize advanced battery
anode material 
    ** Battery anode material is used in lithium-Ion batteries
for electric vehicles
    ** Stock up ~14% YTD

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))