KRN Heat Exchanger and Refrigeration Limited has announced that its subsidiary, KRN HVAC Products Private Limited, has secured approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana manufacturing facility. This approval grants the company significant fiscal incentives, including a 1.40% turnover-linked incentive based on an approved Eligible Fixed Capital Investment (EFCI) of ₹182.95 crore, aimed at bolstering the company’s operational efficiency and market competitiveness.
Incentives and Financial Impact
The approval, granted on 20th May, 2026, marks a strategic milestone for the Neemrana unit. By securing this support, the company expects to optimize its cost structure and enhance overall profitability. The key financial highlight of this development is the validation of an Eligible Fixed Capital Investment (EFCI) of ₹182.95 crore by the State Level Screening Committee, which serves as the foundation for the upcoming fiscal benefits.
Strategic Goals for Neemrana Facility
Beyond the direct financial incentives, this status is designed to drive long-term growth. The company anticipates that the 1.40% turnover-linked incentive will play a crucial role in improving its cost competitiveness within the heat exchanger and refrigeration sector. By leveraging these government-backed benefits, the company plans to strengthen its industrial footprint and improve its capacity to deliver high-quality solutions to its customer base.
Source: BSE
