Shree Refrigerations Bags ₹14 Crore Indian Navy Orders, Latest ₹7.86 Crore Deal For Advanced AC Plants
Mumbai: Pune-based Shree Refrigerations Limited (SRL) has secured multiple orders worth over Rs 14 crore from the Indian Navy during the past one-and-a-half months, strengthening its presence in the defence manufacturing sector. The company informed the stock exchange on Thursday that its latest order is worth Rs 7.86 crore, excluding GST, for supplying two advanced air conditioning plants to the…
Mumbai-based Shree Refrigerations Limited (SRL) has secured a significant contract from the Indian Navy, bringing its total defence orders to over Rs 14 crore in the past 1.5 months. The latest deal, worth Rs 7.86 crore excluding GST, involves supplying two Magnetic Bearing Compressor (MBC)-based air conditioning plants to the Indian Navy, with delivery by October 5, 2027.
This is the second major contract awarded to the Pune-based company over the past six weeks, which also includes spare parts supply, defect rectification work, and additional MBC-based air conditioning plants. Shree Refrigerations, which has over 35 years of experience in defense applications, has shifted its focus towards the sector about a decade ago.
The company's manufacturing capabilities, specialized technology, and service support align with the Indian Navy's strategic requirements. Shree Refrigerations recently went public on August 1, 2025, and the new contracts bolster its defense order portfolio and support the government's Atmanirbhar Bharat initiative.
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