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Krn Heat Exchanger and Refrigeration Limited ( (IN:KRN) ) has issued an announcement.
KRN Heat Exchanger and Refrigeration Limited has announced the acquisition of Sphere Refrigeration Systems Private Limited’s Bus Air-Conditioning division through its subsidiary, KRN HVAC Products Private Limited. This strategic move is set to enhance KRN’s presence in the automotive HVAC segment, aligning with its long-term growth strategy. The acquisition will allow KRN to integrate SRSPL’s expertise in bus climate control systems with its own manufacturing capabilities, thereby expanding its product portfolio and market reach in the transport and mobility cooling sector. This development is expected to drive growth in revenue and profitability while catering to the increasing demand for energy-efficient and sustainable cooling technologies in India’s transportation sector.
More about Krn Heat Exchanger and Refrigeration Limited
KRN Heat Exchanger and Refrigeration Limited is a prominent manufacturer and exporter specializing in aluminium/copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils. The company focuses on the industrial, commercial, and mobility applications within the HVAC industry.
Average Trading Volume: 49,844
Technical Sentiment Signal: Sell
Current Market Cap: 51.47B INR
For an in-depth examination of KRN stock, go to TipRanks’ Overview page.