Approval Under Rajasthan Investment Promotion Scheme (RIPS-2024)
KRN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
KRN Heat Exchanger And Refrigeration Ltd announced that its wholly owned subsidiary, KRN HVAC Products Private Limited, has received approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant. The approval entitles the company to a Turnover Linked Incentive of 1.40% based on Eligible Fixed Capital Investment, with total EFCI approved at ₹182.95 crore. This government incentive is expected to provide fiscal benefits, enhance operational efficiency, improve cost competitiveness, and contribute positively to the company's profitability while strengthening its market position.
This approval represents a positive fiscal development that could improve the company's cost structure and bottom line, though it does not directly indicate new orders or revenue growth.