KRN Heat Exchanger and Refrigeration Limited has received official approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana manufacturing facility. This strategic development entitles the company to significant fiscal incentives, including a 1.54% Turnover Linked Incentive and a total approved Eligible Fixed Capital Investment (EFCI) of ₹182.95 Crore, aimed at bolstering operational efficiency and long-term cost competitiveness.
Incentive Details and Financial Impact
The approval under RIPS-2024 marks a positive milestone for the company’s operations in Neemrana. The fiscal benefits are structured to support the company’s growth trajectory through a Turnover Linked Incentive. This package consists of a 1.40% base incentive supplemented by an additional 10% Employment Booster, totaling a 1.54% incentive on net sales and turnover.
Capital Investment and Operational Outlook
The State Level Screening Committee (SLSC) has formally approved a total Eligible Fixed Capital Investment (EFCI) of ₹182.95 Crore for the facility. These fiscal incentives are expected to play a crucial role in enhancing the plant’s operational efficiency. By improving cost competitiveness, the company aims to strengthen its market position and contribute positively to its overall profitability in the coming years.
Strategic Significance
With the Entitlement Certificate issued as of May 20, 2026, the company is well-positioned to leverage these state-sponsored benefits. This initiative reflects the broader organizational focus on scaling manufacturing capabilities while optimizing financial performance through government-supported investment schemes.
Source: BSE
