KRN HVAC Gets Green Light & ₹141 Crore Incentive

KRN HVAC Products, a wholly-owned subsidiary of KRN Heat Exchanger and Refrigeration (KRN), has secured approval under the Production Linked Incentive (PLI) Scheme for White Goods, covering air conditioners and LED products.

The approval, granted by IFCI, a Government of India undertaking, includes financial incentives amounting to Rs 141.72 crore. This support aligns with the objectives of the ‘Make in India’ initiative—boosting domestic manufacturing, enhancing value addition, and reducing import dependence in key sectors.

These incentives will support KRN HVAC’s expansion plans, drive the development of a localized component ecosystem, and strengthen backward integration. The company remains committed to delivering energy-efficient, environmentally sustainable products that meet global standards.

News by Rahul Yelligetti.