Credit rating agency, CARE has reaffirmed ‘A2+’ rating to Rane Engine Valve’s commercial paper (CP) worth Rs 10 crore. The rating assigned to the CP issue of the company continues to factor in the benefits derived from being part of the Rane group that has presence across various segments of the automotive industry, established operational track record of REVL, its diversified revenue base with presence across various vehicle segments and established relationship with original equipment manufacturers (OEMs).
Rane Engine Valve has been incorporated to manufacture valves and valve train components for various engine applications. It has latest manufacturing practices to keep abreast of technological advancements caters to every section of the auto industry through four manufacturing plants.
