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Rain Ind spurts on incorporating new subsidiary
07-Apr-21   15:24 Hrs IST

Rain Verticals was incorporated to carry on the business of vertical farming, research and development for development of vertical farming and lithium ion high energy density cells and undertake operations in logistics. Rain Industries has invested Rs 10 lakh in cash for 100% stake of its newly incorporated company.

Rain Industries' consolidated net profit surged 164.7% to Rs 321.99 crore on 6.7% decrease in net sales at Rs 2,640.23 crore in Q4 December 2020 over Q4 December 2019.

Rain Industries is a vertically integrated global producer of a diversified portfolio of products that are essential raw materials. It operates in three business segments: carbon, advanced materials and cement.

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