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BioBTX and Rain Carbon, a wholly owned subsidiary of Rail Industries, announced a strategic collaboration to bring renewable aromatic products to the chemical industry, supporting the transition toward more circular and sustainable value chains.
In July 2026, BioBTX announced a positive Final Investment Decision (FID) for the construction of its first commercial-scale plant in Delfzijl, the Netherlands. Based on its proprietary Integrated Catalytic Cracking Process (ICCP) technology, the facility will be the world's first dedicated greenfield plant to convert plastic waste into approximately 10,000 tonnes per year of renewable aromatic oil containing benzene, toluene, xylenes and other aromatic products. The plant is expected to become operational in early 2028, marking a significant milestone in the commercial production of circular aromatics.
For more than 150 years, Rain Carbon has transformed industrial by-products into essential carbon products and advanced materials, used in a wide range of chemical applications. Through this collaboration, Rain Carbon will convert BioBTX's circular aromatic oil into benzene, phthalic anhydride, and other aromatic derivatives that meet the same rigorous quality and performance standards as conventional fossil-based products. This will enable customers across industries to reduce the carbon footprint of their supply chains without compromising product performance.
BioBTX is a leading circular chemistry technology developer based in Groningen, the Netherlands. Founded in 2012, BioBTX develops technologies that replace fossil resources with plastic waste and biomass for the production of drop-in chemicals and renewable aromatics (BTX), enabling sustainable and future-proof materials.
Rain Industries Ltd, PTC Industries Ltd, National Aluminium Company Ltd and Lumax Auto Technologies Ltd are among the other losers in the BSE's 'A' group today, 16 June 2026.
General Insurance Corporation of India lost 8.14% to Rs 356.75 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.77 lakh shares were traded on the counter so far as against the average daily volumes of 20364 shares in the past one month.
Rain Industries Ltd tumbled 6.43% to Rs 194.35. The stock was the second biggest loser in 'A' group.On the BSE, 3.31 lakh shares were traded on the counter so far as against the average daily volumes of 2.83 lakh shares in the past one month.
PTC Industries Ltd crashed 4.70% to Rs 17770. The stock was the third biggest loser in 'A' group.On the BSE, 1125 shares were traded on the counter so far as against the average daily volumes of 1998 shares in the past one month.
National Aluminium Company Ltd pared 4.21% to Rs 366.25. The stock was the fourth biggest loser in 'A' group.On the BSE, 7.67 lakh shares were traded on the counter so far as against the average daily volumes of 4.71 lakh shares in the past one month.
Lumax Auto Technologies Ltd plummeted 3.70% to Rs 1617.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 7157 shares were traded on the counter so far as against the average daily volumes of 16211 shares in the past one month.
Northern Arc Capital Ltd, Grindwell Norton Ltd, Affle 3i Ltd and Vodafone Idea Ltd are among the other gainers in the BSE's 'A' group today, 11 May 2026.
Rain Industries Ltd soared 15.49% to Rs 165.9 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 15.76 lakh shares were traded on the counter so far as against the average daily volumes of 1.11 lakh shares in the past one month.
Northern Arc Capital Ltd spiked 9.14% to Rs 313.3. The stock was the second biggest gainer in 'A' group. On the BSE, 2.31 lakh shares were traded on the counter so far as against the average daily volumes of 19542 shares in the past one month.
Grindwell Norton Ltd surged 9.13% to Rs 1841.15. The stock was the third biggest gainer in 'A' group. On the BSE, 32372 shares were traded on the counter so far as against the average daily volumes of 7554 shares in the past one month.
Affle 3i Ltd spurt 8.30% to Rs 1631.7. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.11 lakh shares were traded on the counter so far as against the average daily volumes of 32447 shares in the past one month.
Vodafone Idea Ltd advanced 7.56% to Rs 12.1. The stock was the fifth biggest gainer in 'A' group. On the BSE, 690.42 lakh shares were traded on the counter so far as against the average daily volumes of 332.08 lakh shares in the past one month.
Adjusted EBITDA rose sharply by 64.65% to Rs 714.9 crore in Q1 2026 from Rs 434.2 crore recorded in Q1 2025. The adjusted EBITDA margin in Q1 2026 was 15.8% as against 11.5% in Q1 2025.
The company posted a pre-tax profit of Rs 255.78 crore in Q1 2026 as compared with a pre-tax loss of Rs 25.95 crore recorded in Q1 2025.
In its latest business outlook, Rain Industries said it is focusing on strengthening its business model across the Carbon, Advanced Materials, and Cement segments. The company continues to work on developing alternative raw material sources to improve capacity utilization and mitigate supply disruptions in the Middle East. It is also leveraging its in-house expertise in distillation and calcination to develop raw materials for emerging markets in BAM and ESM, while actively monitoring debt markets to optimize interest costs.
Rain Industries is the holding company with subsidiaries engaged in the manufacturing of cement, calcined petroleum coke (CPC), coal tar pitch (CTP), and downstream products, including resins, modifiers, and superplasticizers.