Shree Refrigerations installs AC systems on INS Dunagiri and INS Agray
Shree Refrigerations has successfully commissioned mission-critical AC plants on INS Dunagiri and INS Agray, commissioned by PM Modi at GRSE, Kolkata. This follows a similar installation on INS Nilgiri and INS Vaghsheer in January 2025. The company also inaugurated a new 50,000 sq. ft. facility to double its production capacity.
*this image is generated using AI for illustrative purposes only.
Shree Refrigerations has successfully installed mission-critical air conditioning plants on INS Dunagiri and INS Agray, two of the three warships commissioned into the Indian Navy by Prime Minister Narendra Modi in Kolkata. The systems have been type-tested and commissioned for onboard operational use, reinforcing the company's role in the defence sector.
Project Execution Update
The commissioning ceremony was held at Garden Reach Shipbuilders & Engineers (GRSE) in Kolkata on June 22, 2026. This event marked the induction of INS Dunagiri, INS Agray, and INS Sandhayak into the Indian Navy. This is the second instance in the Navy's history that three ships were commissioned together, following the induction of INS Nilgiri, INS Surat, and INS Vaghsheer in January 2025.
Shree Refrigerations had previously supplied AC plants to two of the three platforms commissioned in January 2025, specifically INS Nilgiri and INS Vaghsheer.
| Parameter | Details |
|---|---|
| Ships Commissioned (June 2026) | INS Dunagiri, INS Agray, INS Sandhayak |
| Ships with Shree Refrigerations AC (June 2026) | INS Dunagiri, INS Agray |
| Ships Commissioned (January 2025) | INS Nilgiri, INS Surat, INS Vaghsheer |
| Ships with Shree Refrigerations AC (January 2025) | INS Nilgiri, INS Vaghsheer |
| Commissioning Authority | Prime Minister Narendra Modi |
Significance and Expansion
Mr. R. G. Shende, Chairman and Managing Director of Shree Refrigerations Limited, stated that supplying AC plants to two of the three platforms on both historic occasions is an honour for the firm. He highlighted that this achievement supports the nation's vision of self-reliance under Atmanirbhar Bharat.
To support this growth, the company inaugurated a new 50,000 sq. ft. manufacturing facility, which more than doubles its production capacity. This expansion aims to bolster the company's commitment to the Indian Navy and the defence ecosystem through indigenous manufacturing.
Historical Stock Returns for Shree Refrigerations
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.22% | +6.19% | +55.71% | +101.48% | +116.65% | +116.65% |
Will the increased production capacity allow Shree Refrigerations to bid for larger defence contracts beyond the Indian Navy?
What is the expected revenue contribution from the defence sector following the commissioning of these new warships?
Are there plans to expand the new manufacturing facility further to meet potential future demand from other branches of the armed forces?
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