Shree Refrigerations Chairman and Managing Director R G Shende

Shree Refrigerations on Saturday inaugurated its new facility in Karad, Maharashtra, to boost defence and marine heating, ventilation, air conditioning and refrigeration (HVAC &R) manufacturing in the country.

Inaugurated by Vice Admiral B Sivakumar, Chief of Materiel, Indian Navy, the over six-acre facility houses advanced manufacturing equipment such as robotic welding, laser cutting, bending machines, among others. It also backwardly integrates various processes, including shot blasting and painting, Shree Refrigerations said in a statement.

The company, however, declined to share investment details, citing competition.

With this, the company's manufacturing footprint gets enhanced by 50,000 sq ft, with the possibility of adding an additional 50,000 sq ft, to meet future expansion requirements.

The defence-focused manufacturers of advanced refrigeration and HVAC systems, the company serves the Indian Navy and strategic defence sectors.

Shree Refrigerations Chairman and Managing Director R G Shende said, "The new facility marks a significant milestone in the company's journey towards strengthening indigenous manufacturing capabilities in line with the central government's 'Make in India' initiative.

"In the initial phase of the new facility, our focus will be on improving efficiency and strengthening the supply chain. This will improve manufacturing time and reduce logistical delays. The facility will also contribute to local employment generation and support the growth of the domestic manufacturing ecosystem," he said.

Vice Admiral B Sivakumar noted that investments in modern manufacturing facilities such as this contribute to the development of a robust indigenous supply chain and support the nation's long-term growth, particularly in the marine and defence sectors.

Published on June 20, 2026