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Rain Industries Ltd Industry :  Miscellaneous
BSE Code
500339
ISIN Demat
INE855B01025
Book Value (Rs)
27.5092612
NSE Symbol
RAIN
Divident Yield %
0.88
Market Cap
(Rs In Cr.)
3,834
P/E (TTM)
154.05
EPS (TTM)
0.74
Face Value
(Rs)
2
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Northern Graphite and Rain Carbon receive funding to develop sustainable battery anode materials
03-Nov-25   Hrs IST

Northern Graphite Corporation and Rain Carbon Canada Inc., a wholly owned subsidiary of Rain Carbon Inc., announced that their consortium is receiving funding support up to C$860,000 (€530,000) under the Canada Germany Collaborative Industrial Research and Development Program.

The 24-month project will have a total cost of $2.2 million and will focus on transforming low-value natural graphite fine fractions byproduct into high-performance, battery-grade anode material (BAM) and is jointly supported through advisory services and funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) and Germany's Federal Ministry for Economic Affairs and Energy (BMWE) through its Central Innovation Program for small and mid-size companies (ZIM). Partners under the initiative - NGC Battery Materials GmbH (NGCBM), Northern's Germany-based battery materials unit, and RAINCA - aim to increase milling and shaping yield by upcycling byproduct fine fractions, reducing waste and minimizing the need for additional mining.

The project will leverage the strengths of both partners, with Northern supplying natural graphite feedstock sourced from its operations in Canada and Namibia, and applying advanced sizing, shaping, and purification techniques to produce highly uniform, battery-grade feedstock particles. RAIN will contribute advanced conversion processes and its proprietary LIONCOAT® carbon coating technology, while leading electrochemical performance testing to ensure the final materials meet the highest global standards. The efforts will be anchored by RAIN's Technology Innovation Center for Energy Storage Materials in Hamilton, Ontario, which houses a demonstration plant for material conversion and coating at pilot-scale, an advanced analytical lab for evaluating the physicochemical properties of powder materials, and an application lab dedicated to battery cell fabrication and performance assessment.

For RAIN, the initiative acts as a strategic catalyst that accelerates product development, shortens time-to-market cycles, and enhances the company's technical capabilities while sharpening its competitive advantage in processing battery-grade carbon precursor materials under the LIONCOAT® brand.

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