Shree Refrigerations Limited (SRL) has secured a significant order worth Rs. 19.16 crore from Mazagon Dock Shipbuilders Ltd (MDL) for supplying turnkey HVAC solutions for 14 Fast Patrol Vessels (FPVs) destined for the Indian Coast Guard. This latest contract reinforces SRL's position in the defence and marine HVAC solutions sector within India's shipbuilding and maritime security ecosystem.

Order Details

The order, officially disclosed in a regulatory filing, involves the supply of Turnkey HVAC Systems for the yard 16514 (14 FPVs) Project for Coast Guard Ships. The exact value of the order is Rs. 19.16 crore, with a delivery timeline extending to September 19, 2029.

Recent Successes

This new contract follows a series of recent achievements for SRL in the naval sector:

1. SRL received a substantial order of Rs. 106.62 crore from Hindustan Shipyard Ltd (HSL) for HVAC solutions for five Fleet Support Ships (FSS) of the Indian Navy.

2. The company is currently executing a similar FPV project with Goa Shipyard Ltd (GSL) for 8 vessels, with the first ship already delivered to the Coast Guard.

3. SRL has also secured a supply order worth Rs. 4.13 crore from Material Organisation (Mumbai) for the supply of Magnetic Bearing Compressor Based AC Plant. This domestic order includes GST and has a delivery timeline of September 20, 2026.

Strategic Implications

These consecutive wins underscore SRL's growing prominence in the naval and maritime security sector. The company's ability to secure contracts from major shipyards like Mazagon Dock Shipbuilders, Hindustan Shipyard, and Goa Shipyard demonstrates its strong capabilities in delivering end-to-end HVAC solutions for defence and marine platforms.

Market Position

SRL's recent successes position it as a trusted partner in India's shipbuilding and maritime security ecosystem. The company's expertise in providing specialized HVAC solutions for naval vessels appears to be gaining recognition among key players in the industry.

As SRL continues to build its order book with these high-profile projects, it solidifies its role in supporting India's maritime security infrastructure and shipbuilding capabilities.

It's worth noting that for the Rs. 4.13 crore supply order, the company confirmed that promoters and group companies have no interest in the awarding entity, and the transaction does not fall under related party arrangements.

Shree Refrigerations Limited (SRL), a leading Indian engineering company specializing in precision air-conditioning and refrigeration solutions, has announced a strategic partnership with Smardt Chillers Pte Ltd, a global leader in oil-free chillers for data center cooling solutions. This collaboration marks a significant expansion for SRL beyond its traditional defense sector focus into the rapidly growing commercial data center cooling market in India.

Partnership Details

The Memorandum of Understanding (MoU) was executed through Trezor Technologies Pvt. Ltd., a wholly-owned subsidiary of Shree Refrigerations. This partnership will introduce advanced magnetic bearing chiller technology specifically designed for mission-critical data center applications in India.

Technological Advantages

Smardt chillers, which utilize magnetic bearings instead of oil, offer several key benefits:

• 20-50% higher energy efficiency compared to conventional oil-lubricated chillers
• Lower maintenance costs
• Improved reliability for mission-critical infrastructure

Market Opportunity and Growth Prospects

The partnership aligns with SRL's broader growth strategy and positions the company to capitalize on India's booming data center market. Key points include:

• SRL expects this new vertical to contribute 10-15% of revenues over the next three years
• The company has already manufactured, installed, and commissioned over 40 magnetic bearing chillers in India
• This expansion allows SRL to diversify beyond its established leadership in defense and industrial cooling

Industry Perspectives

Mr. RG Shende, Chairman & Managing Director of Shree Refrigerations Limited, commented on the development: "Our association with Smardt allows us to deliver cutting-edge magnetic bearing chiller technology to Indian customers, strengthening our commitment to deliver efficient and reliable cooling solutions for mission-critical infrastructure."

Derek Chan, Director Data Centers (Asia Pacific) at Smardt Chillers Pte Ltd, added: "India is one of the fastest-growing data center markets globally, and we are delighted to work with Shree Refrigerations Limited to bring our world-class magnetic bearing chiller technology to this market."

Implications for India's Digital Infrastructure

This strategic move positions SRL to play a vital role in building India's digital infrastructure while aligning with the government's vision of energy-efficient, sustainable growth. The partnership combines Smardt's cutting-edge global technology with SRL's strong industry presence and technical expertise, aiming to deliver unmatched value to customers seeking energy-efficient and future-ready cooling solutions for data centers in India.

As the demand for efficient data center cooling solutions continues to grow in India, Shree Refrigerations Limited's partnership with Smardt Chillers Pte Ltd represents a significant step towards meeting this need with advanced, energy-efficient technology.