Rain Industries has finished its coated spherical purified graphite project for Li-ion batteries, thanks to the Ontario government's support. The new operations are set to commence in early Q2 2026, marking a significant step forward in battery technology.

Rain Industries has successfully completed the CSPG project, marking a significant step forward in their electric vehicle (EV) focus as this technology is vital for lithium-ion batteries. The company's demonstration plant in Ontario will soon be launched, with plans to establish a commercial plant by 2029, backed by government support. This move positions Rain Industries well in the growing EV battery market.

Rain Industries saw a 9% surge in share price to ₹116.44 on NSE, following the completion of a significant graphite project aimed at producing EV batteries locally. This development not only marks a step towards reducing import dependence but also bolsters the company's position in the electric vehicle market.

Rain Industries reports the completion of a coated spherical purified graphite project by its subsidiaries, Green Graphite Technologies and Rain Carbon Canada. This marks a significant step towards expanding their graphite capabilities.