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Rane Holdings Ltd.

BSE: 505800 Sector: Financials
NSE: RANEHOLDIN ISIN Code: INE384A01010
BSE 00:00 | 23 May 609.10 0
(0.00%)
OPEN

620.35

HIGH

620.35

LOW

608.00

NSE 10:24 | 24 May 609.50 -2.25
(-0.37%)
OPEN

612.90

HIGH

613.45

LOW

608.50

OPEN 620.35
PREVIOUS CLOSE 609.10
VOLUME 236
52-Week high 782.45
52-Week low 552.00
P/E 40.05
Mkt Cap.(Rs cr) 870
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 620.35
CLOSE 609.10
VOLUME 236
52-Week high 782.45
52-Week low 552.00
P/E 40.05
Mkt Cap.(Rs cr) 870
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Rane Holdings Ltd. (RANEHOLDIN) - Company History

Rane (Madras) [RML] is the flagship of the Madras-based Rane group of companies. The other major group companies are Rane Brake Linings Engine Valves Rane Power Steerings Limited. The company has two main product lines -- Tie Rod Ends (TREs) and Steering Gears (SGs) used in steering systems of four-wheelers. Production of TREs in Madras is in technical collaboration with TRW Ehrenreich Germany. The company distributes auto ancillaries of international giants like General Motors Reynold and American Autos. RML floated a wholly-owned subsidiary Rane Power Steering (RPSL) in technical collaboration with TRW US to manufacture power steering systems used in heavy vehicles and luxury passenger cars.The manual rack and pinion steering gear facility at Pondicherry commenced trial production in the first quarter of 1996. The joint venture company TRW Rane Occupants Restriants for the manufacture of occupant restriant systems viz. seat belts has completed the erection of plant and machinery and the orders have also been received. During 1996-97 RML entered into a joint venture with NSK Japan and Torrington Company U.S. for the manufacture of energy absorbing steering columns at Vallancherry Tamil Nadu. In 2000-01 installed capacity of Steering Gear Products have increased to 464400 No p.a. when compared to previous year of 459000 No.The company has successfully absorbed technology from NSK Japan for the manufacture of VRST gears.The name of the company has been changed during April 2005 from Rane (Madras) Ltd to Rane Holdings Ltd.

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