KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about Approval under Rajasthan Investment PromotionScheme (RIPS-2024)

KRN · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+5.6%1-day move

₹1039.70

prior close

₹1021.00

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+3.6+2.9+2.9+2.6+5.6+6.8+4.6+5.2+8.0+1.2+16.2+18.0+21.0—

Up moveDown movePending

AI summary

KRN Heat Exchanger's 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 grants a turnover-linked incentive of 1.40% on Eligible Fixed Capital Investment (EFCI), with total EFCI approved at ₹182.95 crore. This government incentive is expected to provide fiscal benefits that will enhance operational efficiency, improve cost competitiveness, and positively contribute to the company's profitability while strengthening its market position.

Likely market impact

This is a positive development for shareholders as the government incentive will reduce operational costs at the Neemrana facility and improve margins, though the direct financial quantum depends on future turnover performance.