Subsidiary secures domestic Heat Exchanger Coils order worth Rs 43.11 Crore

Order Above 5pct RevenueBusiness Updates View source PDF

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AI summary

KRN HVAC Products, wholly owned subsidiary of KRN Heat Exchanger and Refrigeration, has secured a domestic order for Heat Exchanger Coils valued at Rs 43.11 Crore. Including IGST of Rs 7.76 Crore, total order value is Rs 50.87 Crore. Delivery will follow order terms. The order comes from an unrelated entity in the normal course of business, with no promoter or group company interest.

Likely market impact

Adds Rs 50.87 Crore to subsidiary order book, improving revenue visibility. Deal is arms length, with no related party concerns.