Rane Group to invest Rs.100 Crores in 2 plants near Tiruchi

The Chennai based Rane group is planning to invest Rs.100 Crores in 2 plants near Tiruchi. The plants will be set up by Rane Brake Linings Ltd and Rane Engine Valves Ltd.

Rane Brake Linings Ltd has announced that the Company is contemplating investment of around Rs 60 crores for setting up a manufacturing facility near Trichy in Tamil Nadu for manufacturing brake lines.

Rane Engine Valves Ltd has announced that in connection with the inauguration of Rane Institute for Employee Development (RIED), Mr. L Ganesh, Chairman - Rane Group, addressed a Press conference. While addressing the queries of the press personnel, Mr. L Ganesh informed that the Company is contemplating investment of around Rs 40 crores for setting up a manufacturing facility near Trichy in Tamil Nadu for manufacturing engine valves.

Source : Equity Bulls

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