KRN HVAC Products Pvt Ltd receives approval for incentives amounting to Rs. 141.72 crores

In order to take the benefits of the Performance Linked Incentive (PLI) Scheme (herein referred to as PLI Scheme) for white goods (Air Conditioners and LEDs) Products, notified vide Gazette Notification No. CG-DL-E-16042021-226671 dated April 16, 2021 and PLI Scheme Guidelines issued thereunder, KRN Heat Exchanger and Refrigeration Limited's wholly owned subsidiary namely KRN HVAC Products Private Limited had made an application with IFCI Limited (a government of India undertaking) and received an approval of incentives amounting to Rs 141.72 Crores.

The PLI Scheme is aimed at making India a global manufacturing hub for white goods (Air Conditioners and LEDs) products under "Make in India" initiative.

Shares of KRN Heat Exchanger And Refrigeration Limited was last trading in BSE at Rs. 808.50 as compared to the previous close of Rs. 792.50. The total number of shares traded during the day was 89796 in over 3145 trades.

The stock hit an intraday high of Rs. 819.00 and intraday low of 784.05. The net turnover during the day was Rs. 72408674.00.

Source : Equity Bulls

Keywords

KRNHeatExchangerAndRefrigeration INE0Q3J01015 IndustrialProducts KRNHVACProducts PLIScheme Incentives Approval