Shree Refrigerations Limited (SRL) has received new orders totaling Rs 23,74,67,383.20 from two major clients: Material Organisation (Mumbai) and Mazagon Dock Shipbuilders Ltd.
Order Details
The first order, from Material Organisation (Mumbai), is a domestic contract for a Magnetic Bearing Compressor-Based AC Plant, valued at Rs 4.13 crore, with delivery scheduled for September 20, 2029.
The second order comes from Mazagon Dock Shipbuilders Ltd, a government undertaking under the Ministry of Defence. This domestic contract involves the supply of a Turnkey HVAC System for the yard 16514 (14 FPVs) project for Coast Guard ships. The order is valued at Rs 19.62 crore, with a delivery timeline of September 19, 2029.
Ongoing and Past Projects
This order follows a previous significant award worth Rs 106.62 crore from Hindustan Shipyard Ltd. SRL is also working on an 8-vessel FPV project with Goa Shipyard Ltd, with the first ship already delivered to the Coast Guard. These consecutive contracts underscore the company’s expertise in providing comprehensive HVAC solutions for defence and marine platforms, reinforcing its position as a key partner in India’s shipbuilding and maritime security sectors.
About Shree Refrigerations Limited
Incorporated in 2006, Shree Refrigerations Ltd manufactures advanced refrigeration and HVAC systems for the domestic, industrial, and defence sectors. Its products include chillers, air-conditioning appliances, marine HVAC systems, printing chillers, and test equipment. SRL is a prominent supplier to the Indian Navy and provides value-added services such as installation, testing, training, and customised solutions.The company has a market capitalization of over Rs 850 crore, delivering a profit growth of 43.5% CAGR over the last five years. Its stock has risen 68.3% from the 52-week low of Rs 153 per share, reflecting strong investor confidence.
