KRN Heat Exchanger and Refrigeration Limited has received approval under the Rajasthan Investment Promotion Scheme (RIPS)-2024 for its manufacturing facility in Neemrana.
The approval provides access to fiscal incentives linked to turnover and investment, which the company expects to support operational efficiency and competitiveness.
The company announced that its subsidiary, KRN HVAC Products Private Limited, has obtained approval under the Rajasthan Investment Promotion Scheme (RIPS)-2024 for the Neemrana plant in Rajasthan.
The entitlement certificate for the approval was issued on May 20, 2026. The approval enables the company to avail incentives offered under the state government's industrial promotion programme, aimed at encouraging investment and manufacturing activity.
Under the approved package, the company will receive a turnover-linked incentive of 1.54% of net sales/turnover. The incentive comprises a 1.40% base incentive along with an additional 10% employment booster.
In addition, the State Level Screening Committee (SLSC) has approved Eligible Fixed Capital Investment (EFCI) of ₹182.95 crore for the project.
The approved benefits are linked to the company's investment and operational activities at the Neemrana facility and form part of the broader incentives available under the RIPS-2024 framework.
According to the company, the approval is expected to provide fiscal benefits to the Neemrana plant, potentially strengthening its operating performance and cost structure.
KRN Heat Exchanger stated that the incentives may help improve operational efficiency, enhance cost competitiveness and contribute positively to profitability.
The company also expects the approval to support its market position within the industry by enabling greater efficiency at the manufacturing facility.
The development comes as the company continues to expand its manufacturing capabilities and strengthen its presence in the heating, ventilation, air conditioning and refrigeration segment.
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As of 20 May 2026, at 3:30 PM, KRN Heat Exchanger share price closed at ₹1,045.80 per share, reflecting a surge of 0.59% from the previous closing price.
The approval under Rajasthan's RIPS-2024 scheme provides KRN Heat Exchanger access to turnover-linked incentives and benefits tied to a ₹182.95 crore eligible investment. The support is expected to strengthen the operational and financial performance of its Neemrana manufacturing facility over the long term.
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Published on: May 21, 2026, 8:44 AM IST
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