Synopsis: Shree Refrigerations Limited has secured two purchase orders worth ₹2.55 crore from Mazagon Dock Shipbuilders Limited for the supply of AC plant spares and repair and maintenance services. The orders further strengthen the company’s presence in India’s defence and shipbuilding ecosystem.
Shree Refrigerations Limited has informed the stock exchanges that it has received two purchase orders from Mazagon Dock Shipbuilders Limited with a combined value of ₹2.55 crore, excluding GST and applicable taxes.
Shree Refrigerations has a total market capitalization of Rs. 1091.79 crore, according to data on the BSE. Shree Refrigerations shares were trading at Rs. 305 apiece on the Bombay Stock Exchange, up by 1.72 percent; the stock has surged around 18.31 percent over the last five sessions, while it has gone up about 39.27 percent in the 30 days, Whereas on a year-on-year basis it has increased nearly 73.89 percent, reflecting positive overall performance. The stock’s 52-week high was Rs. 314 and 52-week low was Rs. 153.
The first order relates to the supply of OBS Spares and B&D Spares for air-conditioning plants, while the second order pertains to FCU repair, maintenance, and installation services. The total value of the two orders stands at approximately ₹2.55 crore.
The development is significant as the orders have been awarded by Mazagon Dock Shipbuilders Limited, one of India’s leading defence public sector shipyards involved in the construction of warships, submarines, and other naval platforms for the Indian Navy. Continued order inflows from defence-related customers enhance the company’s credibility and strengthen its position within the sector.
For a specialised engineering company such as Shree Refrigerations, repeat business from strategic defence customers is an important indicator of execution capabilities and product reliability. Such contracts also provide revenue visibility and support future opportunities within the defence manufacturing ecosystem.
India’s defence sector continues to witness strong policy support through initiatives such as Atmanirbhar Bharat, rising defence budgets, increased indigenisation, and growing domestic procurement. Companies involved in supplying critical systems and components to defence shipyards and military projects are expected to benefit from these long-term trends.
Incorporated in 2006, Shree Refrigerations Limited is a defence-focused manufacturer of advanced refrigeration, cooling, and HVAC systems. The company provides specialised solutions catering to defence, marine, industrial, and commercial applications, with expertise in refrigeration equipment, air-conditioning systems, and related engineering services.
With India’s naval modernization programs and indigenous defence manufacturing initiatives gaining momentum, demand for specialised HVAC and refrigeration systems is expected to remain strong. Going forward, defence order inflows, execution efficiency, product innovation, and expansion of relationships with strategic defence customers will remain key growth drivers for the company.
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