India's KRN Heat Exchanger and Refrigeration rises on capital infusion in unit

KRN Heat Exchanger and Refrigeration

10/06/2026 06:39

June 10 - ** KRN Heat Exchanger and Refrigeration KRNH.NS rises about 2% to 1,256 rupees 
** Stock hits its highest level in over four weeks
** The heavy electrical equipment company approved a 2.35- billion-rupee ($24.68 million) investment in KRN HVAC Products Private Limited, a wholly owned subsidiary of co
** Capital infusion to help unit fund working capital requirements
** Subsidiary had a turnover of 2.18 billion rupees ($22.89 million) in FY26 vs 151.5 million rupees in FY25
** YTD, stock up ~60%

($1 = 95.2250 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com))