KRN HVAC Begins Commercial Production at Neemrana Plant, Expanding Manufacturing Footprint
By HDFC SKY | Updated at: Jun 1, 2025 05:54 PM IST
Mumbai, June 1, 2025 – KRN Heat Exchanger and Refrigeration Limited (NSE: KRN | BSE: 544263) has announced that its wholly owned subsidiary, KRN HVAC Products Pvt. Ltd., has commenced commercial production at its newly constructed, state-of-the-art facility in Neemrana, Rajasthan, marking a significant milestone in the company’s growth strategy.
Strategic Expansion: New Plant Begins Operations
Located at Plot No. SP1-24, RIICO Industrial Area, Kolila Joga, Neemrana, the new manufacturing plant officially became operational on May 31, 2025. The facility is designed to support the production of advanced heat exchangers and HVAC products, further strengthening KRN’s specialized portfolio in the HVAC&R segment.
Key Highlights of the Facility:
| Feature | Details |
|---|---|
| Location | Neemrana, Alwar, Rajasthan (RIICO Industrial Area) |
| Connectivity | Strategic access to northern India’s industrial and logistics corridors |
| Production Focus | Heat exchangers and HVAC products |
| Purpose | Capacity expansion for domestic supply and export production |
KRN said this expansion aligns with its broader goal of scaling manufacturing capabilities to meet rising demand across infrastructure, industrial manufacturing, and commercial real estate sectors, both in India and globally.
Management Commentary
Santosh Kumar, Chairman and Managing Director of KRN, commented:
“The successful commissioning of our Neemrana facility is a significant milestone in KRN HVAC’s strategic roadmap. This plant is not only a testament to our commitment to advanced manufacturing but also positions us to serve as a key hub for both domestic distribution and export-oriented production.”
Company Overview and FY25 Performance
Founded in 2017, KRN Heat Exchanger and Refrigeration Limited manufactures aluminium and copper fin-and-tube heat exchangers used in water coils, condenser coils, and evaporator coils. These products are integral to OEMs in the HVAC&R industry.
- Manufacturing Capacity: Over 1 million units annually from a 1,50,000 sq. ft. plant
- Export Share: 16% of total output
- FY25 Financial Highlights:
- Consolidated Revenue: ₹441.71 crore
- EBITDA: ₹70.51 crore
- Net Profit: ₹52.88 crore
With a highly experienced engineering team and a focus on customized, globally compliant products, KRN continues to reinforce its market position as a quality-driven and innovation-focused HVAC&R solutions provider.
REF:https://nsearchives.nseindia.com/corporate/KRNHEAT_31052025222654_pressreleasesigned.pdf
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