Rane (Madras) Limited
Rane (Madras) Ltd. was founded in 1929, it manufactures steering and suspension linkage products, steering gear products and specialized aluminum high pressure die-casting products and provides connected mobility solutions. The Company is a supplier to major manufacturers of Passenger Vehicles, Utility Vehicles and Farm Tractors and has a strong presence in mechanical steering gears and hydrostatic gear systems. The…
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Rane (Madras) Limited (RML) has successfully completed the acquisition of Hindustan Composites Limited (HCL)'s Friction Business. This strategic acquisition strengthens RML's established leadership in the friction business, integrating HCL's operations directly into RML's Brake Components division. Investors can expect this deal to be EPS accretive from the first year, creating...
Rane (Madras) Ltd (RML) is acquiring Hindustan Composites' friction business for ₹370 Cr. This strategic move establishes RML as India's market leader in friction materials, creating a ₹1,000+ Cr business platform. The acquisition, including the "COMPO" brand, will unlock significant operational synergies through manufacturing scale, expanded distribution, and enhanced R&D...