KRN Heat Exchanger and Refrigeration Ltd announced that its subsidiary, KRN HVAC Products Private Ltd, has entered into a Memorandum of Understanding (MoU) with the Rajasthan Government to invest ₹1,000 crore in a new heat exchanger manufacturing plant. The agreement, signed on October 21, 2024, details a phased investment to establish a state-of-the-art facility in Kotputli-Behror, Rajasthan, with operations expected to launch by 2024.
Under the MoU, the Government of Rajasthan will assist KRN HVAC Products in acquiring necessary approvals and permits, ensuring compliance with state policies. The project is anticipated to create around 600 direct job opportunities in the region.
Its HVAC Products, specializing in fin and tube-type heat exchangers for the HVAC and refrigeration sectors, operates from its integrated facility located in the RIICO Industrial Area, Neemrana, Rajasthan. The MoU does not grant special rights for share issuance, changes to capital structure, or board appointments.
KRN Heat Exchanger and Refrigeration Ltd is a specialized company focused on the design, manufacturing, and supply of high-quality heat exchangers and refrigeration systems. Known for its technical expertise and commitment to innovation, it serves a broad range of industries including HVAC, power generation, oil and gas, and chemical processing.
The company’s product portfolio includes various types of heat exchangers, such as shell and tube, plate, and air-cooled heat exchangers, all engineered for efficiency and durability. KRN places a strong emphasis on meeting international standards of quality and safety, ensuring its solutions are both reliable and energy-efficient. With a customer-centric approach, KRN Heat Exchanger and Refrigeration Ltd is recognized for providing tailored solutions that help clients optimize their operations, reduce energy consumption, and improve overall system performance.
