KRN Acquires Bus AC Unit Of Sphere Refrigeration Systems

08 Oct 2025 CW Team

KRN Heat Exchanger and Refrigeration Limited, a leading manufacturer and exporter of aluminium and copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils, has announced a major step in its expansion journey.

Its wholly owned subsidiary, KRN HVAC Products Private Limited, has signed a Business Transfer Agreement (BTA) with Sphere Refrigeration Systems Private Limited (SRSPL) to acquire its Bus Air-Conditioning division.

Under the agreement, KRN HVAC will assume control of all operations, assets, and employees associated with SRSPL’s Bus Air-Conditioning business. Following completion, the division will be fully integrated into KRN HVAC’s operations, enhancing its product range across the transport and mobility cooling segment and driving growth in revenue, profitability, and market reach in the coming years.

Strategic Significance:

The acquisition marks a key milestone in KRN’s strategy to develop a diversified HVAC business portfolio serving industrial, commercial, and mobility applications.
The Bus Air-Conditioning segment represents a growing opportunity, fuelled by rising demand for passenger comfort, energy efficiency, and sustainable cooling technologies in India’s rapidly modernising transport sector.
By combining SRSPL’s expertise in bus climate control systems with KRN’s strong manufacturing and engineering capabilities, the company aims to generate powerful synergies in design, production, and distribution.

This strategic acquisition positions KRN to strengthen its presence in the mobility cooling space, aligning with India’s broader shift towards advanced, energy-efficient, and sustainable transport solutions.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..