KRN Heat Exchanger and Refrigeration Limited Receives RIPS-2024 Approval for Neemrana Plant
KRN Heat Exchanger and Refrigeration Limited has secured approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant, according to information released on May 20, 2026. This approval is set to provide significant financial incentives and operational benefits to the company's market position in the industry.The approval entitles the company to specific fiscal incentives, detailed as follows:
| Incentive Type | Detail | Value |
|---|---|---|
| Turnover Linked Incentive | Base Incentive | 1.40% of Net Sales/Turnover |
| Turnover Linked Incentive | Employment Booster | 10% of Net Sales/Turnover |
| Total Turnover Linked Incentive | 1.54% of Net Sales/Turnover | |
| Total Eligible Fixed Capital Investment (EFCI) | Approved by SLSC | ₹ 182.95 Crore |
The company confirmed that the Entitlement Certificate related to the approval was issued on May 20, 2026.
The management noted that this approval is expected to provide fiscal benefits to the Neemrana Plant. These benefits are anticipated to enhance operational efficiency, improve cost competitiveness, and contribute positively to the profitability of KRN Heat Exchanger and Refrigeration Limited.
KRN Stock Price Movement
KRN Heat Exchanger and Refrigeration Limited shares settled today, edging higher by 1.47% to close at ₹1045.8. The stock traded on robust volume, with 429,143 shares changing hands during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.