Rain Industries Limited Recommends Final Dividend for the Financial Year Ended December 31, 2017, Payable on May 31, 2018; Appoints Varun Batra as an Additional Director
February 28, 2018 at 02:27 pm IST
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Rain Industries Limited recommend that final dividend on equity shares at INR 1.00 per equity share (that is 50% on a face value of INR 2 per equity share) for the financial year ended December 31, 2017. The payable date is May 31, 2018.
The company appointed Mr. Varun Batra as an additional director, with effect from February 28, 2018. Mr. Varun Batra is a senior finance professional with more than 25 years of experience in the fields of private equity, special situations, corporate finance, credit & relationship management across various corporate & financial institutional customers.
Rain Industries Limited is an India-based company that is engaged in the business of manufacture and sale of carbon, advanced materials and cement. Its segments include Carbon, Advanced Materials and Cement. The Carbon segment consists of Calcined Petroleum Coke, Coal Tar Pitch, Green Petroleum Coke, and other derivates of coal distillation, including creosote oil, naphthalene, carbon black oil, and other basic aromatic oils. The Advanced Materials segment includes the downstream operations of coal tar distillation and consists of engineered products, petrochemical intermediaries, naphthalene derivatives and resins. The Cement segment includes Ordinary Portland Cement (OPC) and Portland Pozzolana Cement. Its range of products serves as raw materials for a range of industries, such as aluminum, carbon black, refractory, specialty chemicals, coatings and construction. The Company's subsidiaries include Rain Cements Limited, Renuka Cement Limited, and Rain Carbon Inc.
Rain Industries Limited Recommends Final Dividend for the Financial Year Ended December 31, 2017, Payable on May 31, 2018; Appoints Varun Batra as an Additional Director
RAIN INDUSTRIES LIMITED 
