Shree Refrigerations' Mission-Critical AC Systems installed on two of three ships commissioned by PM Modi

Shree Refrigerations Limited (SRL), one of India's leading defencefocused manufacturers of refrigeration and HVAC systems, has supplied mission-critical Marine Air-Conditioning Plants for INS Dunagiri and INS Agray, two of the three warships commissioned into the Indian Navy by Prime Minister Narendra Modi in Kolkata on Sunday.

The commissioning ceremony, held at Garden Reach Shipbuilders & Engineers (GRSE), also marked the induction of INS Sandhayak, apart from INS Dunagiri and INS Agray into the Indian Navy.

The systems supplied to the two ships have been successfully type-tested and commissioned for onboard operational use by the Indian Navy, reinforcing SRL's capabilities in delivering critical HVAC solutions for defence applications.

Mr. R. G. Shende, Chairman and Managing Director of Shree Refrigerations Limited said, "This is only the second occasion in the history of the Indian Navy that three ships have been commissioned together, following the historic commissioning of INS Nilgiri, INS Surat and INS Vaghsheer in January 2025. The significance of this milestone can be gauged from the fact that Prime Minister Narendra Modi himself commissioned the ships on both occasions. Shree Refrigeration AC Plants were similarly installed on two of the three naval platforms - INS Nilgiri and INS Vaghsheer - in 2025 too. It is an honour and a matter of immense pride for us that we have supplied AC Plants to two of the three platforms commissioned on both occasions."

According to Mr. Shende, this achievement reinforces SRL's belief that Indian manufacturers can deliver complex, mission-critical solutions that meet the exacting requirements of the defence sector. It also reflects the growing capabilities of Indian industry and supports the nation's vision of self-reliance under Atmanirbhar Bharat.

"Our new 50,000 sq. ft. manufacturing facility, inaugurated just a day earlier, more than doubles our production capacity. It reinforces our commitment to supporting the Indian Navy and the country's defence ecosystem through innovation, technological excellence, and a steadfast focus on indigenous manufacturing," Shende further said.

Shares of Shree Refrigerations Limited was last trading in BSE at Rs. 378.95 as compared to the previous close of Rs. 361.05. The total number of shares traded during the day was 329500 in over 592 trades.

The stock hit an intraday high of Rs. 391.00 and intraday low of 353.00. The net turnover during the day was Rs. 124651175.00.

Source : Equity Bulls

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