KRN Heat Exchanger’s Neemrana Facility Receives Rs 182.95 Cr Incentive from Rajasthan Government
Jaipur (Rajasthan) [India], May 21: KRN Heat Exchanger and Refrigeration Limited (BSE: 544263 | INE0Q3J01015 | NSE: KRN), one of India’s leading manufacturers of heat exchangers and HVAC solutions, has secured a major incentive approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana manufacturing facility. The award significantly boosts its long-term cost competitiveness and profitability.
The approval, granted to its wholly owned subsidiary KRN HVAC Products Private Limited, is linked to an eligible fixed capital investment (EFCI) of ₹182.95 crore, underlining the scale of the Company’s manufacturing commitment in Rajasthan.
As part of the scheme, KRN will benefit from:
- Turnover-linked incentive of 1.54% of net sales/turnover, comprising a 1.40% base incentive plus an additional 10% employment booster on the base incentive, supporting margin expansion
- Incentives linked to a State-approved Eligible Fixed Capital Investment (EFCI) of ₹182.95 crore, reinforcing scale-driven operating leverage
This development is expected to deliver sustained financial benefits over the coming years, improving cost efficiencies, supporting margin expansion, and strengthening the competitiveness of KRN’s Neemrana operations. The approval also validates the Company’s strategic focus on scaling manufacturing with strong policy support.
