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Rane Engine Valves EOU

Our Bureau

CHENNAI: Rane Engine Valves Ltd proposes to set up an export-oriented unit (EOU) near Visakhapatnam at an investment of about Rs 30 crore, the company has informed the stock exchanges.

Initially this new EOU will have an installed capacity of five million units per annum, says the announcement.

Further, the company intends to expand the capacity of the existing plants, from 30 million pieces a month to 38 million, at an investment of Rs 20 crore.

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