Shree Refrigerations Secures Fresh Defense Orders Worth Rs. 40 Crore; Reiterates Strong Growth Outlook

Shree Refrigerations Limited (SRL) has secured multiple fresh orders worth more than Rs. 40 Crore in the last 2 months from the Indian Navy. These orders, predominantly pertain to retrofitting / upgrading existing equipment with newer and higher performance equipment and replenishing spare parts for earlier installed equipment. With the addition of these orders, SRL’s total closing order book now more than ₹320 crore (excluding GST), providing strong medium-term revenue visibility and supporting sustained business growth. The projects will be executed using indigenously developed technologies, aligned with India’s focus on self-reliance in critical infrastructure. SRL has delivered a strong financial performance during the current financial year, achieving revenues of ₹100 crore as of December 31, driven by steady order inflows and disciplined project execution. Based on current order visibility and execution momentum, the company continues to execute orders in alignment with the guidance of 40 percent year-on-year revenue growth for the financial year.