KRN Heat Exchanger Subsidiary Secures Export Order for Heat Exchanger Coils
KRN Heat Exchanger and Refrigeration Limited has reported that its wholly owned subsidiary, KRN HVAC Products Private Limited, has secured a significant export order for the supply of Heat Exchanger Coils.The export order details, which represent a normal business transaction, show an estimated single order value of approximately INR 55 Crore. The delivery period for this consignment is stipulated as per the terms of the order.
The company confirmed that the awarded project does not involve any internal orders. Furthermore, KRN Heat Exchanger and Refrigeration Limited noted that the Promoters, Promoter Group, and Group Companies have no interest in the entities that issued the award, ensuring the transaction does not fall under a Related Party Transaction.
KRN Stock Price Movement
As of 11:03 AM, shares of KRN Heat Exchanger and Refrigeration Limited are slipping by 0.21% in live trading, currently marking at ₹893.7. The stock sees steady intra-day interest, with 192,620 shares transacted so far in the market.Source:
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