KRN Heat Exchanger and Refrigeration Limited has informed the Exchange about Commencement of commercial production of Bus AC Division by KRN HVAC Products Pvt. Ltd., wholly-owned subsidiary of the Company.
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KRN Heat Exchanger and Refrigeration Limited has announced the commencement of commercial production at the Bus AC Division of its wholly-owned subsidiary, KRN HVAC Products Pvt. Ltd. This marks the operational launch of a new business vertical focused on air-conditioning systems for buses. The move extends the company's footprint beyond its core heat exchanger and refrigeration business into the commercial vehicle HVAC segment. No specific revenue projections, order details, or capacity figures have been disclosed in this filing.
This is a positive diversification milestone that opens a new revenue stream in the commercial vehicle AC market, potentially adding to future top-line growth. However, the near-term impact on stock price may be limited until the subsidiary announces orders, capacity, or revenue contributions.