Pursuant to the provisions of Regulation 30 read with sub-para 4, Para B, Part A, Schedule III of the SEBI(Listing Obligations and Disclosure Requirements), Regulation 2015 (Listing Regulations), ....
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Shree Refrigerations Ltd (SRL) has secured three new orders worth Rs. 49.34 Crore in total, led by a Rs. 25.60 Crore order from Mazagon Dock Shipbuilders Limited (MDL) for B&D spares for AC Plants on P17A class Navy ships. Additional orders include Rs. 19.62 Crore from MDL for a Turnkey HVAC system and Rs. 4.12 Crore from Material Organisation, Mumbai, for a Magnetic Bearing Compressor-based AC Plant. These come shortly after a Rs. 106.62 Crore contract from Hindustan Shipyard Ltd (HSL) on August 25, 2025, for HVAC solutions for 5 Indian Navy Fleet Support Ships. All orders are domestic and from government/defence entities, with delivery timelines of around 7 months.
Strong positive for the stock — SRL has bagged nearly Rs. 156 Crore in defence HVAC orders within a month, significantly boosting its order book and reinforcing its position as a key HVAC supplier to Indian Navy shipbuilding programs. Shareholders should expect revenue visibility and potential re-rating given the marquee defence clientele.