BSEShree Refrigerations LtdMediumPositive
Announced Fri, 17 Apr · 15:01 IST

Pursuant to provisions of Regulation 30 read with subpara 4 para B, part A, Schedule III of SEBI(LODR) Regulations, 2015, we hereby submit the disclosure regarding the order received from ....

Govt Defence OrderBusiness Updates View source PDF

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AI summary

Shree Refrigerations Ltd has received a domestic order from Cochin Shipyard Ltd for the supply of an 8 kW Refrigeration Plant for the Next Generation Missile Vessel (NGMV) Project. The total order value is Rs. 4.83 crore (excluding GST), with a delivery timeline of February 4, 2030. The order is from a domestic government-owned defence shipyard, and there is no related party interest. The disclosure was made under SEBI LODR Regulation 30, with full details annexed.

Likely market impact

This is a positive development as Shree Refrigerations has bagged a defence-sector order from a prestigious PSU shipyard, which could enhance its credentials in the defence supply chain. However, the order size of Rs. 4.83 crore is relatively modest and the delivery extends to 2030, so immediate revenue impact may be limited.