Investment15 May 2025, 01:03 pm
KRN Heat Exchanger Subsidiary Approved for Rs 141.72 Crores under PLI Scheme
AI Summary
KRN Heat Exchanger And Refrigeration Ltd's wholly owned subsidiary, KRN HVAC Products Private Limited, has received approval for incentives amounting to Rs 141.72 Crores under the Performance Linked Incentive (PLI) Scheme for white goods (Air Conditioners and LEDs) Products. The PLI Scheme, notified on April 16, 2021, is part of the 'Make in India' initiative to make India a global manufacturing hub for white goods. The approval was given by IFCI Limited, a government of India undertaking.
Key Highlights
- KRN Heat Exchanger And Refrigeration Ltd's subsidiary receives approval for Rs 141.72 Crores under the PLI Scheme.
- The PLI Scheme is part of the 'Make in India' initiative to promote India as a global manufacturing hub for white goods.
- The approval was given by IFCI Limited, a government of India undertaking.