KRN Heat Exchanger Receives RIPS-2024 Approval for Neemrana Plant

KRN Heat Exchanger And Refrigeration Ltd announced that KRN HVAC Products Private Limited has received approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant. The approval includes a turnover-linked incentive of 1.54% of net sales/turnover (comprising 1.40% base incentive plus additional 10% as Employment Booster) and an Eligible Fixed Capital Investment (EFCI) of ₹182.95 Crore. The company expects the approval to enhance operational efficiency, improve cost competitiveness, and contribute positively to profitability.