Pursuant to the provision of Regulation 30 read with sub-para 4, Part A, Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 (Listing Regulations), ....
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Shree Refrigerations Ltd has received a supply order from Hindustan Shipyard Limited, a Government of India undertaking under the Ministry of Defence. The order is for the supply and installation of HVAC systems for 5 Fleet Support Ships. The total value of the order is Rs. 106.63 crore (Rs. 1,06,62,65,465). Delivery is to be completed by 31 March 2028 from the date of execution of the supply order. The order has been awarded by a domestic entity and there is no related-party interest involved.
This is a sizeable domestic defence order that should meaningfully boost Shree Refrigerations' order book and provide revenue visibility over the next 2-3 years. It also marks a notable entry into naval/defence shipbuilding contracts, which is positive for the company's growth profile and could be viewed favorably by the market.