Rain Commodities, producer of cement, calcined petroleum coke and power,  wholly owned subsidiary company, Rain Cements has commenced operations of Waste Heat recovery based Power Plant to generate up to 7 MW of gross electrical energy from the waste heat and the flue gases evolved during the Cement manufacturing process at Boincheruvupalli Village, Peapully Mandal, Kurnool District, Andhra Pradesh.

The project was completed at a cost of Rs 700 million and the same was funded from internal accruals.

The process of waste heat generation is environmental friendly that will bring down the flue gas temperatures. The heat recovery from the flue gases not only saves large quantities of fossil fuels but also substantially reduces the cost of power generation.

Shares of the company gained Rs 2.5, or 5.54%, to trade at  Rs 47.60.  The total volume of shares traded  was  76,369 at the BSE (10.16 a.m., Monday).