MANUFACTURING
Rane (Madras) Buys Hindustan Composites’ Friction Unit For ₹370 Cr
Rane (Madras) Ltd has completed the acquisition of the Friction Business of Hindustan Composites Ltd for ₹370 crore on a cash-free, debt-free basis, strengthening its position in the friction business and expanding its product and market reach. The acquisition was completed after fulfilment of customary regulatory approvals and other closing conditions under the Business Transfer […]
CW Bureau
·
Aug 20, 2026
MANUFACTURING
Rane (Madras) Buys HCL’s Friction Business In A Slump Deal Of ₹370 Cr
Rane (Madras) Ltd (RML) has signed an agreement to acquire the friction business of Hindustan Composites Ltd (HCL) on a slump sale basis for an enterprise value of ₹370 crore, a move that will significantly strengthen its presence in India’s friction materials market. The acquisition will combine two established businesses to create a friction solutions […]
CW Bureau
·
Jun 30, 2026
AUTO
India Nippon Electricals Outlines Six-pronged Future Growth Strategies
India Nippon Electricals Ltd (INEL) has outlined six focus areas as part of its future growth strategy, centred on expanding its core business and building capabilities in emerging technologies. The company, a manufacturer of electronic ignition systems for electric vehicles, two-wheelers, three-wheelers and portable engines, operates three manufacturing facilities and a technology centre across Tamil […]
CW Bureau
·
Mar 18, 2026
