KRN Heat Exchanger and Refrigeration Limited has announced that its wholly owned subsidiary, KRN HVAC Products Private Limited, has successfully secured a significant export order. The contract for the supply of Heat Exchanger Coils is valued at approximately INR 55 Crore. This win reflects the company’s growing footprint in international markets and strengthens its order book, with execution set to commence in accordance with the terms of the agreement.
Strategic Order Expansion
The company confirmed that the contract was secured by its subsidiary, KRN HVAC Products Private Limited, in the normal course of business. This major export order for Heat Exchanger Coils represents a total estimated value of INR 55 Crore, providing a significant boost to the company’s revenue outlook for the upcoming period.
Operational Highlights
KRN Heat Exchanger has clarified that this project is an independent business development and does not include any internal orders. Furthermore, the company has confirmed that the entities awarding the contract are third-party organizations, ensuring that the deal does not qualify as a Related Party Transaction. The delivery schedule for the coils will be managed as per the timelines stipulated within the order agreement.
Source: BSE
