Introduction
Leading heat exchanger and HVAC manufacturer’s subsidiary has commenced commercial production of its Bus AC Division at Neemrana, Alwar plant, producing heat exchangers and HVAC products, effective October 15, 2025.
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Share price movement of KRN Heat Exchanger
On October 16, 2025, KRN Heat Exchanger and Refrigeration Ltd opened at ₹834.00, up 0.18% from its previous close of ₹833.45. The stock reached a high of ₹845.00 (1.37%) and a low of ₹833.35. By 2:28 PM, it traded at ₹836.45, a 0.36% increase, with a market cap of ₹5,199.09 crore.
KRN Heat Exchanger Launches Bus AC Production
KRN HVAC Products Pvt. Ltd., a wholly-owned subsidiary of KRN Heat Exchanger and Refrigeration Ltd, has started commercial production of its Bus AC Division at Neemrana, Alwar plant on October 15, 2025.
The plant, located at RIICO Industrial Area, Kolila Joga, manufactures heat exchangers and HVAC products. The company has informed stakeholders about the commencement of operations as per SEBI Listing Regulations.
Ace investor holding in KRN Heat Exchanger
Mukul Mahavir Agrawal holds a 1.61% stake in KRN Heat Exchanger and Refrigeration Ltd, owning 10,00,000 shares valued at ₹83.8 crore.
Stock performance of KRN Heat Exchanger for Period of 1 week, 6 months, and 1 year
KRN Heat Exchanger and Refrigeration Ltd delivered a 0.59% return over the past week, it declined 0.21% in the past six months. The stock gained 76.8% over the past year.
Shareholding pattern of KRN Heat Exchanger
| Particulars | Sep 2025 | Jun 2025 | Mar 2025 |
| Promoter | 70.80% | 70.80% | 70.80% |
| FII | 5.50% | 2% | 1.20% |
| DII | 6.20% | 6.10% | 6.30% |
| Public | 17.50% | 20.80% | 21.70% |
About KRN Heat Exchanger
KRN Heat Exchanger and Refrigeration Ltd (NSE: KRN) designs, manufactures, and supplies fin and tube-type heat exchangers and thermal solutions for HVAC and refrigeration industries, enabling efficient heating and cooling applications.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is KRN Heat Exchanger and Refrigeration Ltd share price going up today?
A: KRN Heat Exchanger and Refrigeration Ltd share price is rising after its subsidiary, KRN HVAC Products, started commercial production of the Bus AC Division.
Q: What does KRN Heat Exchanger and Refrigeration Ltd specialize in?
A: KRN Heat Exchanger and Refrigeration Ltd specializes in manufacturing fin and tube-type heat exchangers and thermal solutions for HVAC and refrigeration industries.
Q: How much stake does Mukul Mahavir Agrawal hold in KRN Heat Exchanger and Refrigeration Ltd stock?
A: Mukul Mahavir Agrawal holds a 1.61% stake in KRN Heat Exchanger and Refrigeration Ltd, owning 10,00,000 shares valued at ₹83.8 crore.
