Our sustainable ambitions drive our commitment towards supporting circularity, developing future-focused products, contributing to environmental stewardship and becoming an incident-free organisation.
In this endeavour, we have been investing in advanced technologies and efficient processes while taking responsible actions towards shared value creation for our stakeholders.
These efforts have helped us meet emerging needs of customers, ensuring employee safety and professional development, contributing community welfare, and reducing our environmental impact, demonstrating our resilient progress towards a more sustainable organisation.
Key performance highlights of CY22
Financial
Revenue
` 210,110 Mn +45% y-o-y
Operating profit*
` 37,545 Mn +49% y-o-y
Profit after tax (PAT)*
` 16,980 Mn +125% y-o-y
Earnings per share (EPS)*
` 50.48 +125% y-o-y
*Adjusted with exceptional items
Environment
GHG emissions avoided
(in metric tonnes of CO2 equivalent)
0.41 MnT
Solar power generated
7,079 MWh
Energy generated from waste heat
1.1 Mn MWh
Trees planted
115,210
People and community
Total recordable injury rate (TRIR)*
0.16
Cumulative hours of employee training
28,362
(Carbon and Advanced Materials only)
Patients treated at the hospital under Pragnya Priya Foundation
91,030
Students educated during the year under Pragnya Priya Foundation
2,328
RAIN AT A GLANCE
#1
Global producer of coal tar pitch
(CTP)
#2
Global producer of calcined petroleum coke
(CPC)
16
Production facilities across three continents:
Asia, Europe and North America
Our businesses
Carbon
As the world's largest producer of CTP and second-largest of CPC, we supply essential raw materials to diverse industries globally through our Carbon segment.
Advanced materials
With the aim of developing high-value and eco-friendly advanced materials for multiple global industries, we realigned our product portfolio and formed this business segment in 2019.
Cement
With two integrated cement plants in South India, we manufacture high-quality, high-performance cement to meet the rising demand for durable and sustainable construction in the region.
VICE CHAIRMAN'S MESSAGE
Dear RAIN shareholders,
We began 2022 continuing to ride the wave of momentum that we enjoyed during the second half of 2021, when the economic impact of COVID began to subside and the pent-up demand from the first year of the pandemic gave way to enthusiastic commercial activity.
Revenue of ` 210,110 million, which represented an increase of more than 45% compared with ` 145,268 million in 2021
Operating profit (or adjusted EBITDA) of ` 37,545 million, which was up more than 49% compared with ` 25,174 million in the previous year
Strong safety performance with our fourth-consecutive year with a total recordable injury rate below 0.2, ranking us as a "best-in-class" company compared with our industry peers
We continue to develop innovative, future-ready products to fulfil emerging needs of customers through a responsible and forward-thinking approach. Over the past two years, we have focused on developing a long-term roadmap for sustainability by identifying key material topics and how to best respond and meet stakeholder expectations.
Supporting circularity through upcycling
Our strong commitment to circularity is evident in our products, which enable closed material cycles and convert by-products into productive applications.
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Building a future-focused product portfolio
By leveraging our leadership in innovation, we strive to produce eco-friendly and sustainable products for a better tomorrow.
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Contributing to environmental sustainability
We are committed to environmental stewardship by minimising our footprint, upgrading processes, and producing cleaner and greener materials.
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Becoming an incident-free organisation
Our quest to be an industry leader in safety, health and environment can be seen in our many activities and targeted initiatives to protect the well-being of our employees and surrounding communities.
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Business segment: Carbon
Through our wholly owned subsidiary Rain Carbon Inc., we produce calcined petroleum coke, coal tar pitch, and other carbon products. These are critical raw materials for the production of aluminium, steel, and many additional products.
Sales volume
Revenue
Operating margin
Contribution to consolidated revenue
Business segment: Advanced Materials
We are a global leader in large-scale production of advanced materials, leveraging innovative technology for the downstream transformation of a portion of our carbon output, petrochemicals, and other raw materials.
Sales volume
Revenue
Operating margin
Contribution to consolidated revenue
Business segment: Cement
We are one of the largest cement producers in South India, producing high-quality ordinary portland cement (OPC) and portland pozzolana cement (PPC) under the Priya Cement brand. Our two plants are vertically integrated and located strategically near our limestone mines.
Capacity utilisation
Revenue
Contribution to consolidated revenues
Operating margin
Our Company’s prudent financial management has enabled us to sustain growth and maintain financial stability for years. In the face of challenges such as energy shortages and rising raw materials costs, we have prioritised improving efficiency, optimising costs, carefully managing our inventories and other measures.
Investors and shareholders
Employees
Vendors and suppliers
Communities
Government and regulatory bodies
Our Company’s wealth of knowledge, expertise, innovation capabilities, and proprietary technologies and processes have enabled us to establish a unique position in our industries. During the year, we leveraged these strengths to develop innovative products for a cleaner and greener future
Customers
Employees
Investors and shareholders
Our progress over the years has been the result of the dedication, ingenuity and tenacity of our people. Their commitment is evident in our financial and operational performance, as well as the way we have successfully transformed the Company over the years. We invest in developing a workplace that nurtures talent and provides opportunities for personal and professional growth.
Employees
Our commitment to create value for our customers, suppliers, and communities is driven by our ambition to be a reliable partner. We work to foster mutually beneficial relationships built on trust and reliability, and it is this approach that sets us apart in the industry. We constantly strive to improve output, efficiency, and cost-effectiveness, while also prioritizing community development.
Customers
Communities
Vendors and suppliers
Keeping a close eye on global challenges, such as climate change, resource scarcity, pollution and waste, we are committed to conducting our business in an environmentally and socially responsible manner. We strive to use natural resources as efficiently as possible while reducing our environmental impact through targeted initiatives.
Employees
Communities
Vendors and suppliers
Government and regulatory bodies
Sound governance
for sustained growth
Effective leadership and governance are the cornerstones of our business and strategy to drive sustained growth. Our Board of Directors ensures that the organisation is effectively governed by upholding the highest standards of corporate governance.
In addition, we ensure complete adherence to appropriate and relevant industry norms, organisational policies, codes of conduct and internal control systems.
Risk management
Since we operate globally and in a dynamic external environment, our business is exposed to various risks. To proactively identify and manage key risks, while achieving our strategic goals, we have a multi-layered risk management system as well as a governance and internal control framework in place.
We have a well-designed methodology for identifying risks at the individual business level, both for existing operations and ongoing projects. Each week, we hold business-level review meetings to review the risks identified, their impact on operations, and the mitigation measures that need to be taken. Each business division of the Group has developed its own risk management procedure, which is reviewed by the Risk Management Committee.
Manufactured capital
Optimising our facilities for improved output
At the heart of our success lies our unparalleled approach to managing manufactured assets. We strive for excellence in every aspect, from maximising yield to reducing costs, and increasing efficiency. We achieve this through our commitment to conserve energy, secure supplies of raw materials, and maintain rigorous quality control.
SDGs impacted
Know moreFocus areas
Stakeholders impacted
Customers
Employees
Vendors and suppliers
Communities