The company has been a beneficiary of rising prices of Calcined Petroleum Coke (CPC) globally, which contributes to 31% of its total revenue. It is a raw material used for anodes in the Aluminium & Steel industry, which has shown a healthy revival in demand globally.
Also, Rain Industries Ltd. derives 18% of its total revenue from Petrochemical derivatives such as Benzene, toluene, and xylene, which are critical inputs for several chemicals-based substances. Applications of toluene and xylene include use as solvents for inks and paints. With the recent commodity upcycle, these intermediates have been enabled better realization for the company.
Also, Rain Industries Ltd. derives 18% of its total revenue from Petrochemical derivatives such as Benzene, toluene, and xylene, which are critical inputs for several chemicals-based substances. Applications of toluene and xylene include use as solvents for inks and paints. With the recent commodity upcycle, these intermediates have been enabled better realization for the company.