Shree Refrigerations Limited (SRL), a leading turnkey HVAC solutions provider for defence and marine platforms, has announced two significant order wins, further strengthening its foothold in India’s shipbuilding and maritime ecosystem.
The company has received an order worth ₹19.62 crore from Mazagon Dock Shipbuilders Limited (MDL), a Government of India undertaking under the Ministry of Defence, for the supply of turnkey HVAC systems onboard 14 Fast Patrol Vessels (FPVs) for the Indian Coast Guard. The project has a delivery timeline up to September 19, 2029.
This order comes on the back of the recent ₹106.62 crore contract awarded to SRL by Hindustan Shipyard Limited (HSL) on August 25, 2025, for supplying HVAC solutions for five Fleet Support Ships (FSS) of the Indian Navy. Additionally, SRL is already executing a similar FPV project with Goa Shipyard Limited (GSL) for 8 vessels, with the first ship successfully delivered to the Coast Guard.
In another development, Shree Refrigerations has also bagged a separate domestic order worth ₹4.13 crore from the Controller Procurement, Material Organisation (Mumbai) for the supply of a Magnetic Bearing Compressor-based AC Plant. This order has a completion timeline up to September 20, 2026.
