Rain Industries informed the exchanges on Thursday of receiving a letter from Rain Carbon Inc, its wholly-owned subsidiary, of a Supreme Court order. Rain Carbon Inc said the company will resume shipments of petroleum coke to its Visakhapatnam (Vizag) calcining facility. This follows an October 9 ruling by the Supreme Court that exempts calciners from the nation’s recent ban on import of petroleum coke for use as fuel, which was enacted as part of the country’s efforts to reduce industrial emissions. Rain Carbon uses green petroleum coke (GPC) as its primary feedstock in the production of calcined petroleum coke (CPC), which is an essential raw material in the anodes required during the electrolytic process of aluminum production. The company also imports CPC for blending at its Vizag facility. Under the Supreme Court’s ruling, India’s calcining industry will be permitted to import up to 1.4 million tonnes of GPC annually; the ruling also permits India’s aluminum industry to use up five lakh tonnes of imported CPC a year. Shares of Rain Industries gained 5 per cent at ₹175 on the NSE.
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