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KRN’s Wholly Owned Subsidiary Receives Approval Under PLI Scheme & Granted Incentives of Rs 141.72 Cr
Mumbai (Maharashtra) [India], May 15: KRN Heat Exchanger and Refrigeration Limited (KRN) (NSE – KRN | BSE – 544263), is a prominent company in the heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry, announce that its wholly owned subsidiary, KRN HVAC Products Private Limited (KRN HVAC), has received approval under the Government of India’s PLI [...]
Mumbai (Maharashtra) [India], May 15: KRN Heat Exchanger and Refrigeration Limited (KRN) (NSE – KRN | BSE – 544263), is a prominent company in the heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry, announce that its wholly owned subsidiary, KRN HVAC Products Private Limited (KRN HVAC), has received approval under the Government of India’s PLI Scheme for white goods (Air Conditioners and LED products).
The approval, granted by IFCI Limited, a Government of India undertaking, includes financial incentives amounting to ₹141.72 Cr. The PLI Scheme, a flagship initiative under the ‘Make in India’ program, aims to establish India as a global manufacturing hub by incentivizing domestic production, promoting value addition, and reducing import dependency in critical sectors.
