Business Update20 May 2026, 02:44 pm
KRN Heat Exchanger Subsidiary Gets RIPS-2024 Approval for Neemrana Plant
AI Summary
KRN HVAC Products Private Limited, a wholly-owned subsidiary of KRN Heat Exchanger And Refrigeration Ltd, has received approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant. This approval includes a turnover-linked incentive of 1.40% (as a percentage of Eligible Fixed Capital Investment – EFCI) and a total EFCI approved by the State Level Screening Committee (SLSC) of ₹182.95 Crore. The company expects this approval to provide fiscal benefits, enhance operational efficiency, improve cost competitiveness, and positively contribute to profitability while strengthening its market position.
Key Highlights
- KRN subsidiary approved under Rajasthan Investment Promotion Scheme (RIPS-2024).
- Neemrana Plant to receive a 1.40% turnover-linked incentive.
- Total EFCI approved by SLSC is ₹182.95 Crore.
- Approval expected to enhance operational efficiency and profitability.
- Entitlement Certificate issued on May 20, 2026.
Price Impact
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