Rane Brake to invest 600 mln rupees in new unit

Newswire

MUMBAI, June 20 (Reuters) - Automobile and railway ancillary maker Rane Brake Linings Ltd. said on Wednesday it plans to invest 600 million rupees in a new unit in the southern state of Tamil Nadu to make brake lines. Ahead of the news, shares in the company ended 1.11 percent up at 160 rupees in the Mumbai market.

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