KRN HVAC Products, a wholly owned subsidiary, received approval under Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana Plant.
The approval entitles the company to a turnover linked incentive of 1.40% of Eligible Fixed Capital Investment (EFCI) totaling ₹182.95 crore.
The fiscal benefits are expected to enhance operational efficiency, improve cost competitiveness, and contribute positively to company profitability.