Archive · 25 Sep 2025
Shree Refrigerations Shares Soar on Defense Order Wins
Shree Refrigerations, a company making cooling solutions, saw its stock price go up.
This happened because they got new orders from the defense industry, including one from a shipbuilding company.
The company is already working on similar projects with other companies.
These new orders added almost 50 crore to their total order book.
The company also partnered with a company that makes cooling systems for data centers.
The stock is performing well since it went public, trading more than double its IPO price.
They make special air conditioning and cooling systems for different types of industries and applications.
Shree Refrigerations' shares rose 7% intraday on Thursday.
The company secured orders worth ₹49.34 crore.
Orders include those from Mazagon Dock Shipbuilders.
The company is also working on projects with other companies.
The stock is trading 105% above its IPO price.
- Who
- Shree Refrigerations secured orders from Mazagon Dock Shipbuilders and Material Organisation (Mumbai).
- What
- SRL secured multiple orders in the defense space, leading to a rise in share price.
- When
- The share price rose on Thursday after the announcement of the new orders.
- Where
- The company operates in the defense and commercial cooling segments in India.
- Why
- The orders from the defense sector and the partnership with Smardt Chillers Pte Ltd. are driving growth.
- Company
- Shree Refrigerations (SRL)
- Stock Price Increase
- 7% intraday
- Current Stock Price
- ₹259.3 apiece
- Total Order Value
- ₹49.34 crore
- Order from
- Mazagon Dock Shipbuilders
- IPO Listing Price
- ₹175.4 apiece
- Stock Performance
- Trading 105% above IPO price