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Fall in shares of Rain Industries;  here’s why

Rain Industries ended down 4% in trading after the company announced the partial closure of the Calciner plant in Visakhapatnam.

The Visakhapatnam Plant is a wholly owned subsidiary of the Company engaged in the manufacture and sale of Calcined Petroleum Coke (CPC).

According to the company, the shutdown is due to a lower allocation of Crude Petroleum Coke (RPC) by DGFT for FY23.

Watch the video to learn more.

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