Rane Engine Valves (REVL) was formed after Engine Valves (EVL) was merged with its 100% subsidiary Engine Components Ltd (ECL) in FY99. The reverse merger, effective from FY99 is expected to benefit the new entity, reducing its tax liability, because of the carry forward losses of ECL. REVL now has a more diversified product portfolio, absorbing the products of the 2 merging companies. It manufactures guides for internal combustion engines, eng...
well that means stuff all to me....