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KRN Heat Exchanger and Refrigeration’s wholly-owned subsidiary, KRN HVAC Products, has received approval under the Rajasthan Investment Promotion Scheme (RIPS)-2024 for its manufacturing facility in Neemrana.
The entitlement certificate, issued by the state government on 20 May 2026, enables the company to avail fiscal incentives aimed at promoting local manufacturing and industrial investment. Under the approved package, the State Level Screening Committee has sanctioned an Eligible Fixed Capital Investment of Rs 182.95 crore for the Neemrana facility.
The company will also receive a turnover-linked incentive of 1.54 percent of net sales, comprising a 1.40 percent base incentive and an additional 10 percent employment booster. According to the management, these incentives are expected to improve the plant’s cost structure and strengthen operational performance.
The benefits are likely to reduce production overheads, improve cost competitiveness, enhance long-term operational efficiency, and support the company’s overall profitability.
News by Rahul Yelligetti.
