+
KRN Acquires Bus AC Unit Of Sphere Refrigeration Systems
ECONOMY & POLICY

KRN Acquires Bus AC Unit Of Sphere Refrigeration Systems

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code