KRN Heat Exchanger and Refrigeration has secured a major incentive approval under the Rajasthan Investment Promotion Scheme 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 was linked to an eligible fixed capital investment of ₹183 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 per cent of net sales/ turnover, comprising a 1.40 per cent base incentive plus an additional 10 per cent employment booster on the base incentive, supporting margin expansion.
This apart, incentives linked to a State-approved Eligible Fixed Capital Investment of ₹183 crore, reinforcing scale-driven operating leverage.
The 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, said the company.
The approval also validates the company’s strategic focus on scaling manufacturing with strong policy support, it added.
Founded in 2017 in Neemrana, the company specialises in manufacturing aluminium and copper fin and tube heat exchangers, including water coils, condenser coils and evaporator coils.
Its products are widely used by OEMs in the HVAC&R industry for heating, ventilation, air conditioning, and refrigeration applications. With a factory spanning 1.50 lakh square feet, KRN produces over 1 million units annually, exporting about 23 per cent of its output.