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Post-demonetization, Rane Madras Limited Profit declines 15%

Rane Madras Limited (RML) announced its net profit declined by 15% to INR 27.2 million due to higher finance costs and depreciation in the new die-casting plant in third quarter for fiscal year 2016-17. During the quarter, RML observed strong demand from Passenger Car and Commercial Vehicle segments for the Steering ....

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