Revised intimation for RIPS Approval
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KRN HVAC Products Private Limited has received approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant. The company will receive a Turnover Linked Incentive of 1.54% of Net Sales (comprising 1.40% base incentive plus additional 10% as Employment Booster). The total Eligible Fixed Capital Investment approved by the State Level Screening Committee is ₹182.95 Crore. This fiscal benefit is expected to enhance operational efficiency, improve cost competitiveness, and contribute positively to the company's profitability while strengthening its market position. The Entitlement Certificate was issued on 20th May, 2026.
This government approval provides fiscal incentives that will reduce operational costs and improve profitability for the Neemrana manufacturing facility, which is a positive development for shareholders.