Management informed in their last concall that they are exhausting high price GPC by this quarter.
From now onwards the blended price for GPC will be appx. 150 USD per ton against CPC price of appx 270 to 280 USD per ton. Also due to this reduction in price, company will have lower working capital requirements and the cash flow will become more positive.
IS THIS...
Roughly maintaining the last support line. In case of sudden spurt in momentum, it may see a level of 191 in intermediate term. There is also a chance that it will be consolidating till November'19.
Rain Industries Limited (RIL) is an India-based company, which is engaged in the business of manufacture and sale of carbon products, chemicals and cement. The Company operates through three segments: Carbon Products, Chemicals and Cement. The Carbon Products segment consists of Calcined Petroleum Coke (CPC), Green Petroleum Coke (GPC), Coal Tar Pitch (CTP), Co-generated Energy and other derivatives of Coal Tar distillation. The Chemicals segment includes the downstream operations of Coal Tar distillation and consists of Resins, Modifiers, Super Plasticizers and other specialty products. The Cement segment includes the manufacture and sale of Cement. The Company markets cement under the Priya Cement segment. The Company's Subsidiaries include Rain Coke Limited, Rain Cements Limited, Renuka Cement Limited, Rain Commodities (USA) Inc., Rain CII Carbon LLC, CII Carbon Corp, RUETGERS Canada Inc. and Handy Chemicals (USA) Ltd.
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RAIN
