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History of Rain Calcining Ltd.

YEAR EVENTS 1989 - The Comp. was incorporated on 8th November, & received the certificate for commencement of business on 20th November. The main objects of Comp. as per the Memorandum & Articles of Association of company.

- The Comp. has been promoted by Shri N. Jagan Mohan Reddy and associates, HIE-Rain & AMICOR.

1994 - The Comp. is setting up a 100% EOU for manufacture of 250,000 tpa of CPC, in the port area of Visakhapatnam, AP. The project will have a power generation facility capable of generating an annual average of 41 MW of surplus power from the flue gases evolved during processing, calcination & combustion of GPC, which will be sold to industrial consumers or APSEB under a Power Wheeling & Purchase Agreement between the Comp. and APSEB dated 4th November.

1995 - The Comp. has entered into a technical assistance contract with HIE, on 20th April, in terms of which HIE will provide technical & managerial advice to the Comp. with respect to the design, engineering, construction operation & maintenance of power generation facility.

- The Comp. has enetered into an agreement on 20th April, with AIMCOR for assisting the Comp. in marketing its production of CPC in the international & Indian markets.

1996 - The Comp. has entered into a consultancy services agreement with Coke Calcining Consulting Inc., U.S.A. [CCCIs], on 29th April.

1997 - The Comp. is setting up a 100 per cent export-oriented unit in Andhra Pradesh in technical collaboration with HIE-Rain and AIMCOR for manufacturing calcined petroleum coke from imported green petroleum coke.

- RCL promoted by a US based Non Resident Indian group, Houston Industries Energy-Rain Inc, AIMCOR & IFC will be the largest of its kind project in Asia & is expected to have operating costs that are the lowest in the global coke calcining industry.

- The Comp. has awarded the contract for erection of plant and machinery to Larsen and Toubro Limited & erection works have commenced.

- The Public issue of Comp. of 3,85,00,000 Equity Shares of Rs. 10/- each for each at par aggregating Rs. 38,50,00,000 including firm allotments to Indian Financial Institutions/Banks/FIIs/NRIs/OCBS/aggregating Rs. 10,50,00,000 during the February.

1998 - Rain Calcining Ltd, promoted by a US-based group of NRIs headed by Mr. N. Jaganmohan Reddy, along with US-based Houston Industries Energy Inc, AIMCOR & International Finance Corporation.

- The Comp. is also setting up 49 MW captive power plant.

- The Comp. proposes to harness the waste heat to generate electricity.

- RCL has a power-wheeling & purchase agreement with the APSEB, under which the Comp. can sell the surplus power to industrial consumers in Andhra Pradesh.

1999 - RCL is the largest producer of calcined petroleum coke [CPCs] in Asia with a capacity of 3 lakh tonnes.

- RCL has a technical as well as financial collaboration with Reliant Energy International Inc & AIMCOR.

- RCL has an installed capacity of 300,000 tpa of Calcined petroleum Coke, which is used in the aluminium smelting process.

2002

-Informs NSE about the address of acting R and T agents as M/s Karvy Consultants Ltd, 'Karvy House', 46, Avenue-4, Street No 1, Banjara Hills, Hyderabad 500 034.

2003

- The Washington-based, International Finance Corporation [IFCs], offloads 26.58lakh equity shares of Hyderabad based, Rain Calcining Ltd.

-Mr. Steven H Schuler & Mr S L Rao appointed as the Additional directors on the board of company.

-Acquires 24.79% equity holding stake in their foreign technology & equity partner, Reliant Energy Rain Inc.

-Improves its performance quarter after quarter because of uptrend in the prices of aluminium in the international markets.

- Mr. Steven H Schuler, nominee of Reliant Energy-Rain, Inc. in the Board of Directors of Comp. & Mr. Douglas Darrow, Alternate to Mr. Steven H Schuler have given their resignation.

2004

-RCL buys out entire stake held by US partner in Reliant Energy Rain

2004

-Rain Calcining Ltd has informed that the Comp. had made an application to the Hyderabad Stock Exchange Ltd [HSEs] for delisting of shares & HSE vide its letter dated December 31, 2003 have confirmed the delisting of equity shares of Comp. from HSE w.e.f. January 05, 2004.

2005

- Comp. commences commercial production of expanded calcination plant effective May 23, 2005 and, accordingly, the capacity of CPC plant has increased from 300,000 MTPA to 480,000 MTPA.

-Rain Calcining signs O&M agreement with PCIC