India's KRN Heat Exchanger gains on getting government incentive

KRN Heat Exchanger and Refrigeration

15/05/2025 09:05

** Shares of KRN Heat Exchanger And Refrigeration KRNH.NS rise 2.8% to 814 rupees

** KRNH's unit gets government's production-linked incentive of 1.42 billion rupees ($16.60 million)

** Incentive linked to production of air conditioners and LEDs

** Stock up 13% so far in 2025

($1 = 85.5300 Indian rupees)

 (Reporitng by Nishit Navin)

 ((nishit.navin@thomsonreuters.com;))