Here is the excerpt I read a while back along with the link…this had got me interested in rain again. I hope posting links is ok:
"The company has also launched a new product called anhydrous carbon pellets (ACP), which is at par with the quality of GPC. The calcined version of ACP offers some unique advantages to anode producers like lower power consumption. Due to this advantage, some of the headwinds in the domestic CPC business can be compensated through ACP, which doesn’t faces challenges of import ban/quota and can be made from the refinery products available in India.
Hence, the company plans to commission two ACP plants at a total cost of USD 27 million, one each at India (capacity: 250,000 tonne) and another in the US (200,000 tonne). Its India ACP plant is expected to be commissioned by H2 2020, while the one in USA is expected to start operations in Q2 2020.
Initially, the company plans to sell a blend of ACP and CPC to aluminium smelters, which would offer better quality than a CPC-only product. In fact, the company has already imported the first shipment of ACP produced on a small-scale at a US pilot plant and the product acceptance would be tested in coming days."
Note that: These plants are on hold until next year due to Corona. So there LL still be some time where this stock could be range bound. I want to accumulate it over this year and next.