Rain Commodities acquires Birla Cement
Rain Commodities has acquired Birla Cement and Industries from Yash Birla Group. Post acquisition, Birla Cement and Industries has become a wholly owned subsidiary of the company. Birla Cement holds certain limestone mining leases in Andhra Pradesh. Rain Commodities, together with its subsidiaries, is engaged in the manufacture and sales of cement in India and abroad. The company markets cement under the brand name Priya Cement in Andhra Pradesh, Karnataka, and Tamil Nadu. It is also involved in manufacturing and trading calcined petroleum coke that is used in industries, such as aluminium, titanium dioxide, steel and power generation through waste heat recovery. The company was formerly known as Priyadarshini Cement Ltd and changed its name to Rain Commodities Ltd in November 2004.