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Rane Brake Lining Ltd.

BSE: 532987 Sector: Auto
NSE: RBL ISIN Code: INE244J01017
BSE 11:50 | 26 Sep 704.70 -28.75
(-3.92%)
OPEN

730.00

HIGH

735.05

LOW

688.60

NSE 11:34 | 26 Sep 696.00 -36.20
(-4.94%)
OPEN

743.15

HIGH

743.15

LOW

692.70

OPEN 730.00
PREVIOUS CLOSE 733.45
VOLUME 2522
52-Week high 942.00
52-Week low 576.00
P/E 17.22
Mkt Cap.(Rs cr) 545
Buy Price 700.90
Buy Qty 1.00
Sell Price 703.15
Sell Qty 1.00
OPEN 730.00
CLOSE 733.45
VOLUME 2522
52-Week high 942.00
52-Week low 576.00
P/E 17.22
Mkt Cap.(Rs cr) 545
Buy Price 700.90
Buy Qty 1.00
Sell Price 703.15
Sell Qty 1.00

Rane Brake Lining Ltd. (RBL) - Company History

Rane Brake Linings Ltd is an India-based company. The company is engaged in manufacturing of components for transportation industry. They produce disc pads for automotive industry and railway brake blocks and parts out of asbestos and asbestos free-based friction materials. The company is having their manufacturing units located at Chennai Hyderabad Pondicherry and Trichy. The plant at Pondicherry is an exclusive Asbestos Free Facility. Rane Brake Linings Ltd was incorporated on December 12 2004 as private limited company with the name EMS Logistics (India) Pvt Ltd. The company was established with the objective of carrying on transport and logistics business. In September 20 2005 the company changed their name from EMS Logistics (India) Pvt Ltd to Richfield Logistics Line Pvt Ltd. In September 24 2007 the name of the company was further changed to Rane Brake Products Pvt Ltd. In September 26 2007 the company was converted into public limited company and the name was changed to Rane Brake Products Ltd.During the year 2007-08 as per the scheme of de-merger merger and amalgamation the company took over the manufacturing undertaking of erstwhile Rane Brake Linings Ltd (de-merged company) with effect April 1 2007. In terms of the scheme the name of the company was changed from Rane Brake Products Ltd to Rane Brake Lining Ltd with effect from February 6 2008. During the year the company received new contracts from Germany UK and Middle East. They also received an order for servicing OEM requirements in Europe during the year. Also the shares of the company were listed on the National Stock Exchange Bombay Stock Exchange Ltd and Madras Stock Exchange Ltd.During the year 2008-09 the company completed the expansion project in Trichy in the state of Tamilnadu with the active participation and technical inputs from the company's collaborator Nisshinbo Brake Inc of Japan. The state of the art plant commenced commercial production during the year. They increased the production capacity of Asbestos by 4645 MT to 18892 MT.During the year 2009-10 the company further increased the production capacity of Asbestos by 96 MT to 18988 MT.

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