Shree Refrigerations - gets two orders totaling 25.5 mln rupees from Mazagon Dock Shipbuilders

Shree Refrigerations Limited, a prominent provider of cooling solutions for the defence sector, has secured two orders from Mazagon Dock Shipbuilders, totaling ₹25.5 million. The orders pertain to the supply of B&D spares for AC plants onboard P17A class ships and the provision of turnkey HVAC systems. This development follows a broader trend of contract wins for the company, which has been strengthening its position in the defence and marine sectors through a series of strategic contracts.

The latest orders add to an already robust order book, which includes a ₹106.62 crore contract from Hindustan Shipyard in August and an ongoing project with Goa Shipyard Ltd for eight vessels. The company has also expanded its business footprint through a strategic partnership with Smardt Chillers Pte Ltd, a global leader in oil-free chillers for data centre cooling solutions, which is contribute 10–15% of revenues over the next three years.

Shree Refrigerations' stock has performed strongly since its listing in August 2024, trading at a 105% premium to its IPO price as of June 2026. The company continues to demonstrate its engineering and project execution capabilities, reinforcing its reputation as a key player in the HVAC solutions market.