The past few years tested how we adapt, scale, and maintain resilience across our three core segments and the markets we serve. Volatility in raw material availability, evolving operating norms, and a sharper focus on capital efficiency required us to rethink how we source, process, and deploy capabilities while keeping operations steady and predictable.
Progress that shaped 2025
Who we are
We are one of the world's largest vertically integrated producers and suppliers of Calcined Petroleum Coke (CPC), Coal Tar Pitch (CTP), renewable energy and other high-quality advanced materials. Operating across three segments, Carbon, Advanced Materials and Cement, we reinforce our global leadership through strategic capacity expansions and mergers and acquisitions worldwide.
Global
producer
of coal tar pitch
Global producer
of calcined
petroleum coke
Production facilities across
three continents: Asia,
Europe and North America
Supply chain partners
across the globe
Total employees
What we do
We develop and supply products that serve as essential enablers for a wide range of downstream applications, supporting core industrial production, enhancing material performance and contributing to high-growth technologies. Through a solutions-driven and diversified portfolio, we meet the evolving technical and sustainability needs of global customers.
Carbon
Calcined petroleum coke
Advanced Materials
Advanced Materials
Cement
Cement
Business segment review
Carbon
The Carbon segment converts byproducts from oil refining and steel production into high-value, carbon-based products, which are then used to manufacture aluminium, graphite electrodes, carbon black and titanium dioxide.
Sales volume
Revenue from
operations
Contribution to
consolidated
revenue
Advanced Materials
We are a global leader in advanced materials, transforming carbon, petrochemicals and raw materials into valuable products that are used in specialty chemicals, coatings, construction, automotive and petroleum industries.
Sales volume
Revenue from
operations
Contribution to
consolidated
revenue
Cement
We are one of the leading grey cement manufacturers in South India, operating two integrated plants in Telangana and Andhra Pradesh. The region continues to witness a growing demand and we are focused on maximising our capacity utilisation and contributing to India's rising infrastructure development.
Sales volume
Revenue from
operations
Contribution to
consolidated
revenue
2025 at
a glance
Revenue
Adjusted EBITDA
R&D expenditure
Products launched compared
to 9 in 2024
Carbon
Capacity utilisation
Advanced
Materials
Capacity utilisation
Cement
Capacity utilisation
CSR and other related donations during the reporting period
Patients treated at the hospitals under the Pragnya Priya Foundation
Trees planted
Energy generated from waste-heat recovery systems resulting 0.45 Mn tCO2e of GHG emissions avoidance
Power generated from solar power systems
Total employees, compared to 2,394 in 2024
Total Recordable Incident Rate (TRIR), compared to 0.13 in 2024
Cumulative hours of employee training, compared to 56,700+ in 2024
Financial
capital
Read more
We continue to strengthen our financial position through disciplined planning, prudent risk management, and efficient capital allocation. Operating within a robust business model, we navigate industry headwinds with agility while driving long-term value creation for all stakeholders.
Key focus areas
- Driving growth
- Margins and efficiency
- Capital management
- Capital expenditure
- Financial stability
- Debt management
2025 highlights
Revenue
Stakeholders impacted
Investors and shareholders Government and regulators
Employees
Vendors and suppliers
Material topics associated
- Corporate governance and business ethics
- Supply chain and stakeholder management
Manufactured
capital
Read more
At RAIN, we are building a future-ready manufacturing ecosystem through targeted capacity expansions, process optimisation and sustainable production practices. By deploying advanced technologies, energy-efficient systems and reliable infrastructure, we are enhancing productivity, product consistency and supply reliability across all business segments.
Focus areas
- Capacity enhancement
- Productivity and efficiency
- Product quality and safety
- Sustainable manufacturing
- Ensuring raw material security
2025 highlights
Energy generated from
waste-heat recovery
Stakeholders impacted
Customers- Employees
- Vendors and suppliers
Material topics associated
- Climate and energy
- Circularity and innovation
Intellectual
capital
Read more
We leverage deep technical expertise, decades of process knowledge and a culture of innovation to continuously enhance our product portfolio and performance. Our ability to convert insights into scalable solutions, combined with digital transformation, strengthens our competitive positioning and supports value creation across every business segment.
Focus areas
- Capacity enhancement
- Productivity and efficiency
- Product quality and safety
- Sustainable manufacturing
- Ensuring raw material security
2025 highlights
New products
Investment in R&D
Stakeholders impacted
- Customers
- Employees
- Vendors and suppliers
Material topics associated
- Climate and energy
- Circularity and innovation
Human
capital
Read more
RAIN continues to be an innovative and rewarding place to work. We value and care for our people, offering opportunities for consistent growth and development. Our approach to employee well-being is firmly rooted in our core values and aligned with our broader organisational model, business strategy, and priorities.
Focus areas
- Talent acquisition and retention
- Diversity and inclusion
- Employee engagement, learning and development
- Health, safety and well-being
2025 highlights
Employee retention rate
TRIR
Stakeholders impacted
- Employees
Material topics associated
- Health and safety
- Talent and capability development
- Labour and human rights
Social and relationship capital
Read moreWe nurture meaningful, long-term relationships with our stakeholders by promoting community development, strengthening partnerships, and fostering a culture of trust, collaboration and shared progress. Our social interventions are guided by clearly defined priorities, ensuring that our efforts translate into positive social outcomes in the communities where we operate.
Focus areas
- Community development
- Customer engagement and satisfaction
- Supply chain sustainability
- Engagement with government and regulatory bodies
2025 highlights
Beneficiaries in India
Impact footprint
Stakeholders impacted
- Customers
Communities- Vendors and suppliers
- Investors and shareholders
Material topics associated
- Corporate governance and business ethics
- Labour relations and human rights
- Community development initiatives
- Cybersecurity and privacy
- Supply chain and stakeholder management
Natural
capital
Read more
We are committed to minimising the environmental impact of our operations through responsible and focused practices. Our efforts include optimising energy and water use, ensuring responsible sourcing of raw materials, and implementing initiatives to reduce emissions and waste, guided by clear processes, robust performance monitoring and a culture of continuous improvement.
Focus areas
- Energy management
- Emission control and climate action
- Water management
- Waste management
- Resource management
- Biodiversity and ecosystem conservation
2025 highlights
Renewable energy consumption share
Waste recycled or reused
Stakeholders impacted
- Customers
- Vendors and suppliers
- Communities
- Investors and shareholders
Material topics associated
- Climate and energy
- Environmental management, regulations and compliance
- Circularity and innovation
Board of Directors
AC: Audit Committee
NRC: Nomination and Remuneration Committee
RMC: Risk Management Committee
STC: Share Transfer Committee
SRC: Stakeholders' Relationship Committee
CSR: Corporate Social Responsibility Committee
- Chairperson
- Member
Awards and recognitions
During the year, we received several industry and sustainability recognitions, reflecting our focus on operational excellence, quality, safety and responsible business practices.
Industry awards for operational excellence
Mines Environment & Mineral Conservation Awards (IBM)
RAIN's Nandyal and Suryapet cement plants in India won f irst, second and third prizes in various categories such as Waste Dump Management, Systematic & Scientific Development, Innovations in Mining, Sustainable Development & Afforestation and Swatchhata in Mining.
Performance Excellence Awards 2025 (CII)
RAIN's Nandyal plant received the Leadership in Performance award under the Ground Mounted Solar category (<50 MWp).
Quality Circle Forum of India (QCFI) - CCQC 2025
Multiple teams from our Cement segment's Suryapet and Nandyal plants received Gold Awards for excellence in quality concepts across mechanical, electrical, instrumentation, process and mining functions.
Our Carbon segment's Vizag plant, RCCVL – SEZ unit teams secured the Gold Award (First Category) at QCFI CCQC 2025 and the Excellence Award at QCFI NCQC 2025. Both teams have also qualified for the International Convention, reflecting strong focus on quality and continuous improvement.
Safety & Operational Excellence Awards
- RAIN's Carbon segment plant in Hamilton, Canada, achieved zero recordables and received the ACCCI 2025 Tar Refiner Safety Award
- Our Carbon segment's plants in India received the Gold award for Industrial Safety Leadership in the Oil & Gas and Petrochemical category
Bureau of Indian Standards (BIS)
Our Nandyal plant was recognised for zero product failures in OPC and PPC over the past two years.
Mines Safety Week Observance 2025 (DGMS)
The Nandyal plant won first prize for overall performance in Zone III, along with multiple category awards covering safety management, health systems and equipment safety.
ESG and sustainability recognitions
GreenCo Certifications (CII-GBC)
RAIN's Suryapet plant received GreenCo Silver certification following an independent sustainability assessment while RAIN's Nandyal plant holds GreenCo Gold certification.
CII GreenCo Summit 2025 - Green Wall Recognition
Two sustainability projects from the Suryapet plant were showcased, including an organic biofertiliser initiative and an in-house closed-loop air filter cleaning system.
IBM 5-Star Rating for Sustainable Development
The Suryapet plant received its third consecutive 5-Star Award, while the Nandyal plant received the 5-star rating for the f irst time.
CII National Award for Environmental Best Practices 2025
Our Suryapet and Nandyal plants received the Best Environmental Project award for waste management and pollution control.
EcoVadis Rating
- Our operations in Canada, Belgium and Germany received EcoVadis Gold ratings, placing them in the 95th percentile globally
- Our United States and India Calcination operations were awarded EcoVadis Silver ratings
QCFI National Environment & Sustainability Awards & Net Zero Conclave
Both Suryapet and Nandyal plants received multiple Excellence Awards across CSR, sustainable mining, water stewardship, decarbonisation, renewable energy, energy efficiency, and health & safety.
Social impact and community recognition
Education Outcomes - Priya Cement School
Two students from the Priya Cement School, Suryapet, secured admissions to National Institutes of Technology (NIT Mizoram and NIT Punjab), reflecting the impact of long-term educational initiatives.
