Rane Engine to invest 400 million rupees in new unit

Newswire

MUMBAI, June 20 (Reuters) - Automobile anciliary maker Rane Engine Valves Ltd. said on Wednesday it would invest 400 million rupees to set up a new engine valve manufacturing unit in the southern state of Tamil Nadu. Ahead of the news, shares in the company ended 2.91 percent down at 347 rupees in the Mumbai market.

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