KRN Heat Exchanger & Refrigeration Secures ₹100 Million Loan Agreement with Thermotech

Strategic Financing to Drive Growth

KRN Heat Exchanger and Refrigeration Ltd announced that its board has approved a loan agreement worth ₹100 million with Thermotech. The infusion of funds is expected to bolster the company’s ongoing projects, enhance manufacturing capabilities, and support modernization of its product portfolio.

 

The company specializes in industrial heat exchangers, refrigeration systems, and cooling solutions, serving sectors such as power, chemicals, and manufacturing. Management emphasized that the loan will be deployed toward technology imports, plant upgrades, and working capital requirements, ensuring sustainable growth and improved competitiveness.

 

Industry analysts view the agreement as a positive step, reflecting confidence in KRN’s operational resilience and its ability to leverage strategic partnerships for expansion.

 

Notable Updates / Major Takeaways

Loan Agreement: ₹100 million approved with Thermotech.

 

Purpose: Technology upgrades, plant expansion, and working capital support.

 

Sector Focus: Industrial cooling, refrigeration, and heat management solutions.

 

Strategic Impact: Strengthens financial position and growth trajectory.

 

Market Context: Reflects rising demand for efficient energy and cooling systems in India.

 

Sources: BSE Corporate Filings (KRN Heat Exchanger & Refrigeration Ltd); The Hindu BusinessLine Industry Desk; Economic Times Manufacturing Bureau; Reuters India Corporate News.