KRN Heat Exchanger and Refrigeration's Subsidiary Secures Significant Domestic Order for Heat Exchanger Coils
KRN Heat Exchanger and Refrigeration Limited has seen its subsidiary, KRN HVAC Products Private Limited, secure a domestic order for the supply of Heat Exchanger Coils. This business development falls within the normal course of the company's operations.The order details pertain to a single transaction and have been documented by the company. The contract specifies that the estimated delivery period is "As per the order terms."
The financial scope of the domestic order is as follows:
| Financial Metric | Amount (INR) |
|---|---|
| Estimated Single Order Value | 43.11 Crore |
| IGST Component | 7.76 Crore |
| Total Amount | 50.87 Crore |
The company confirmed that the order does not constitute an internal transaction, and neither the Promoters, Promoter Group, nor any Group Companies have any interest in the entities that awarded the projects, meaning it is not a Related Party Transaction.
KRN Stock Price Movement
KRN Heat Exchanger and Refrigeration Limited shares closed today, shedding 1.80% to settle at ₹1229.10. The stock traded through a challenging session of 46,229 shares, scraping near the day’s low of ₹1210.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.
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