Rain Industries Limited announced that Mr. H. L. Zutshi (DIN: 00041002) was appointed as an Independent Director of the Company for second term of five years i.e., from September 30, 2016 to September 29, 2021. Consequent to completion of second term, Mr. H. L. Zutshi is ceased to be Chairman and Director of the Company with effect from September 30, 2021. Mr. Jagan Mohan Reddy Nellore, Vice Chairman of the Company will be the Chairman of the Company with effect from September 30, 2021.
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.