_Innovation at its Best_
RAIN INDUSTRIES LTD
RIL has innovated unique production process for CPC wherein co has succeeded in mixing different types of substances to achieve desired level of CPC Quality.
As a result, CPC is *raining money in books of RIL*:
A) Blending of different types of substance has DRASTICALLY reduced production cycle, resulting in *lower cost of production*
B) Vizag plant has installed capacity of 5 lac tonnes. Now, *RIL LIKELY TO PRODUCE 9 LAC TONNES, 180% OF INSTALLED CAPACITY*
C) _It is leading to big spurt in its topline as well as bottomline_
D) As per our sources in income tax dptmnt, co has paid highest ever income tax for March quarter
*More Big Savings*:
Rain Industries has raised USD 550 million dollars through Senior Secured Notes. Same will be used to retire earlier HIGH COST SSNs (effective 1st April)
It will lead to annual savings of around *50-55crores in interest cost* adding directly to PBT
_CPC prices have touched all-time high. Rain should report highest ever NP for March quarter. Stock *will cross 155 in May 2017*_
Stay tuned for _more Breaking News_ next week on Rain which can take its share price to 122 by end of next week
*TP Rs 300 in 18 months*
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