Announced Mon, 22 Jun · 15:21 IST
SRL AC systems installed on Navy ships commissioned by PM Modi
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.1%1-day move
₹361.45
prior close
₹380.95
base price
In-mkt
timing
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-0.8———+3.1+2.4+5.1+10.1+9.4+5.4-1.8-4.5——
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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.