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 capabilities.

This integration aims to bolster RML's product portfolio across automotive, railway, and industrial sectors, solidifying its leadership and driving long-term value for investors.