Shree Refrigerations Ltd — Important, 10-09-2025: Company Update

Shree Refrigerations (SRL) has announced a strategic association with Smardt Chillers, a global leader in oil-free chillers, through its subsidiary. This partnership introduces advanced magnetic bearing chiller technology for data centers in India. It diversifies SRL's operations beyond defence into the rapidly growing commercial cooling sector. SRL expects this new vertical to contribute 10-15% to revenues over the next three years, aiming for balanced business growth and improved margins. This move leverages Smardt's energy-efficient solutions and SRL's expertise, positioning the company as a key provider for India's digital infrastructure.