Mumbai, October 16 (Daily Kiran): Shares of KRN Heat Exchanger and Refrigeration Ltd gained nearly 1% in Thursday’s trade after the company announced that its wholly owned subsidiary, KRN HVAC Products, has commenced commercial production at its Bus AC Division in Kolila Joga, Alwar (Rajasthan).
The stock was trading at ₹840.25, up ₹6.80 or 0.82%, against its previous close of ₹833.45 on the BSE. The scrip opened at ₹834.00, touching an intraday high of ₹845.00 and a low of ₹834.00. So far, 3,165 shares have been traded on the counter. The company’s market capitalization stands at ₹5,236.38 crore.
Over the past year, the stock has seen a 52-week high of ₹1,011.60 (February 6, 2025) and a low of ₹415.50 (October 25, 2024). The promoters hold 70.79%, while institutional investors and non-institutional investors hold 11.67% and 17.54%, respectively.
The newly operational Bus AC Division marks a significant expansion for KRN HVAC Products, which manufactures heat exchangers and HVAC systems. The Alwar facility is dedicated to producing heat exchangers and advanced HVAC components, catering to the growing automotive and commercial vehicle air-conditioning segment.
KRN Heat Exchanger and Refrigeration Ltd is a leading manufacturer of fin and tube-type heat exchangers serving the Heating, Ventilation, Air Conditioning, and Refrigeration (HVAC&R) industry, with a focus on energy-efficient thermal management solutions.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
