The scope of work includes the supply and installation of heating, ventilation, and air conditioning (HVAC) systems for five Fleet Support Ships. The project is to be executed with a delivery deadline of 31 March 2028, from the date of execution of the supply order.
Shree Refrigerations made a debut on the stock exchanges on 1 August 2025, with its shares listing at Rs 169.85, a 35.88% premium to the issue price of Rs 125.
The company's initial public offering (IPO), which closed on 29 July 2025, was subscribed 174.24 times. The IPO was priced within a band of Rs 119 to Rs 125 per share. The stock hit a record high of Rs 214.80 on 25 August 2025.
Shree Refrigerations is a defense-focused manufacturer of advanced refrigeration and HVAC systems.
The company recorded revenue from operations of Rs 98.73 crore and a net profit of Rs 13.55 crore for the period ended 31 March 2025.