9 hours ago
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In a boost for India’s defence manufacturing ecosystem, Shree Refrigerations Ltd. (SRL), 1 of India’s starring defence-focused manufacturers, for vertical integration connected Saturday inaugurated its caller manufacturing installation successful Karad, Maharashtra that would nutrient and proviso precocious refrigeration and HVAC (Heating, Ventilation, Air Conditioning) systems to Indian Navy and strategical defence sectors.
The facility, funded partially from the proceeds of a caller IPO, was inaugurated by Vice Admiral B. Sivakumar, AVSM, VSM, Chief of Materiel, Indian Navy amidst the beingness of section citizens and institution employees.
“The caller installation marks a important milestone successful the company’s travel towards strengthening indigenous manufacturing capabilities successful enactment with the Government of India’s ‘Make successful India’ initiative,” said R. G. Shende, Chairman and Managing Director of Shree Refrigerations Ltd
“In the archetypal signifier of the caller facility, our absorption volition beryllium connected improving ratio and strengthening the proviso chain. This volition amended manufacturing clip and trim logistical delays,” helium said.
“The installation volition besides lend to section employment procreation and enactment the maturation of the home manufacturing ecosystem,” helium further said.
Developed successful an country of implicit six acres, the caller installation houses precocious manufacturing instrumentality similar robotic welding, laser cutting, bending machines etc. and backwardly integrates assorted processes, including changeable blasting and painting.
With this, the company’s manufacturing footprint gets enhanced by 50,000 quadrate feet, with the anticipation of adding an further 50,000 quadrate feet, to conscionable aboriginal enlargement requirements.
It has been developed successful compliance with the Indian Green Building Council (IGBC) standards.
Speaking connected the occasion, Vice Admiral B. Sivakumar highlighted the value of strengthening home manufacturing capabilities successful alignment with the Government of India’s imaginativeness of self-reliance (Atmanirbhar Bharat).
He noted that investments successful modern manufacturing facilities specified arsenic this lend to the improvement of a robust indigenous proviso concatenation and enactment the nation’s semipermanent growth, peculiarly successful the marine and defence sectors.
With this facility, the institution which archetypal started concern operations 35 years back, is eyeing Compounded Annual Growth Rate (CAGR) of 40 to 45% for the adjacent 3 to 5 years.
In FY26 it had reported gross of ₹155 crore and nett net of ₹21.4 crore, up 65% YoY.
