SRL AC systems installed on Navy ships commissioned by PM Modi

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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₹361.45

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+4.3% vs market

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AI summary

Shree Refrigerations supplied mission-critical Marine AC Plants for INS Dunagiri and INS Agray, two of three warships commissioned by PM Modi into the Indian Navy at GRSE Kolkata. Systems have been type-tested and commissioned. This is the second time SRL equipped two of three ships commissioned together, having also done INS Nilgiri and INS Vaghsheer in Jan 2025. A new 50,000 sq ft facility was inaugurated, more than doubling production capacity.

Likely market impact

Reinforces SRL's defence credentials with Indian Navy. Capacity expansion and strong revenue growth (100%+ YoY in H2FY26, 50%+ in FY26) signal positive momentum.