KRN Heat Exchanger and Refrigeration Limited has informed the Exchange regarding 'General Business Update'.

Order Above 5pct RevenueExport Order Hard CurrencyBusiness Updates View source PDF

KRN · price

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+6.6%1-day move

₹895.00

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₹892.10

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AI summary

KRN Heat Exchanger and Refrigeration Limited's wholly-owned subsidiary, KRN HVAC Products Private Limited, has received an export order for the supply of Heat Exchanger Coils worth approximately INR 55 crore. The order was received in the normal course of business and does not involve any internal or related party transactions. Delivery is to be as per the order terms. This marks a notable win for the subsidiary, adding to the parent company's export pipeline.

Likely market impact

A ~55 crore export order is a significant positive development, especially for a company that recently listed. If KRN's annual revenue is in the sub-INR 200 crore range, this single order could represent a substantial portion of revenue, providing near-term revenue visibility and boosting investor confidence.