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Rain Industries Limited ( (IN:RAIN) ) has shared an announcement.
Rain Industries Limited announced that its subsidiary, Rain Carbon Canada Inc., in collaboration with Northern Graphite Corporation, has secured funding of up to C$860,000 under the Canada-Germany Collaborative Industrial Research and Development Program. The 24-month project, with a total cost of $2.2 million, aims to transform natural graphite processing by-products into battery-grade materials, enhancing the supply chain for energy storage. This initiative is expected to position both companies as competitive players in the Western energy storage market by maximizing yield, reducing waste, and minimizing the carbon footprint.
More about Rain Industries Limited
Rain Industries Limited, through its wholly owned subsidiary Rain Carbon Canada Inc., operates in the carbon and chemical industry, focusing on advanced carbon materials and chemicals. The company is involved in transforming natural graphite processing by-products into high-performance, battery-grade materials, aiming to contribute to the energy storage market.
Average Trading Volume: 106,014
Technical Sentiment Signal: Sell
Current Market Cap: 44.94B INR
Find detailed analytics on RAIN stock on TipRanks’ Stock Analysis page.