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Rane Engine Valve Ltd.

BSE: 532988 Sector: Auto
NSE: RANEENGINE ISIN Code: INE222J01013
BSE 00:00 | 28 Feb 196.65 -10.30
(-4.98%)
OPEN

206.95

HIGH

214.00

LOW

196.65

NSE 00:00 | 28 Feb 192.90 -7.10
(-3.55%)
OPEN

199.90

HIGH

204.00

LOW

190.00

OPEN 206.95
PREVIOUS CLOSE 206.95
VOLUME 354
52-Week high 642.80
52-Week low 192.10
P/E
Mkt Cap.(Rs cr) 132
Buy Price 197.00
Buy Qty 5.00
Sell Price 205.00
Sell Qty 4.00
OPEN 206.95
CLOSE 206.95
VOLUME 354
52-Week high 642.80
52-Week low 192.10
P/E
Mkt Cap.(Rs cr) 132
Buy Price 197.00
Buy Qty 5.00
Sell Price 205.00
Sell Qty 4.00

Rane Engine Valve Ltd. (RANEENGINE) - Company History

Rane Engine Valve Ltd manufactures and supplies valves and valve train components for various engine applications in India. The company is engaged in the business of manufacturing and marketing of Valves, Valve Guides and Valve Tappets for IC engines and related auto components. The company is having their manufacturing facilities located at Alandur, Ponneri and Pudukottai in Tamil Nadu and Medchal and Aziz Nagar in Andhra Pradesh. Rane Engine Valve Ltd was incorporated on March 9, 1972 with the name Techcons Ltd. The company was incorporated with the main object to carry on the business of consultancy services within the Rane Group. In March 31, 2006, the company transferred their entire undertaking on a going concern basis to Rane Holdings Ltd with effect from April 1, 2006. In September 2007, the company amended their Objects and Capital clauses in their Memorandum of Association to facilitate carrying on of manufacturing of inlet and exhaust valves, valve guides and valve tappets for I.C. engines. In December 2007, as per the scheme of de-merger, merger and amalgamation, the he company took over the manufacturing undertaking of erstwhile Rane Engine Valves Ltd (de-merged company) with effect from April 1, 2007. In terms of the scheme, the name of the company was changed from Techcons Ltd to Rane Engine Valve Ltd with effect from February 6, 2008. During the year 2008-09, the company set up two production lines with a capacity of 2.5 million valves per annum on two shifts basis at their new plant near Trichy in the state of Tamilnadu and commenced commercial production. During the year 2009-10, the company commissioned one more one more production line at the Trichy plant with an additional capacity of another 1.25 million valves per year. Thus, the company increased the production capacity of Valves by 5,962,000 Nos to 48,409,000 Nos, Guides by 2,088,000 Nos to 12,900,000 Nos and Tappets by 170,000 Nos to 1,940,000 Nos.