Order Details
Order Value: ₹7.86 Crore (Excluding GST)
Client: Controller Procurement Material Organisation, Mumbai (Indian Navy)
Product: Supply of two Magnetic Bearing Compressor based AC Plants
Delivery Timeline: October 5, 2027
Contract Specifications
Awarding Entity Type: Domestic Entity
Nature of Contract: Domestic
Significant Terms: Magnetic Bearing Compressor based AC Plant
Promoter/Group Company Interest: No
Related Party Transaction: No
Additional Information
A press release titled "Shree Refrigerations Limited secures fresh Indian Navy orders worth Rs 14 crore" is enclosed as Annexure B. The press release indicates that the company has secured multiple fresh defence orders worth over ₹14 crore from the Indian Navy over the past one-and-a-half months.
According to the press release, the latest order is valued at ₹8.25 crore (including GST) for Magnetic Bearing Compressor (MBC)-based air conditioning plants, while other orders pertain to the supply of spares, defect rectification and MBC-based AC plants.
Company Background
Shree Refrigerations Limited is described as one of India's leading defence-focused manufacturers of advanced refrigeration and HVAC systems, serving the Indian Navy and strategic defence sectors. The company has approximately 35 years of experience in the refrigeration industry and pivoted to the defence sector around a decade ago. The company was publicly listed on August 1, 2025.