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ICE MAKE bags its largest work order worth INR 65.48 Cr

 WBLDCL, a Govt. Of West Bengal Undertaking to build a greenfield modern dairy project at Haringhata

Ice Make Refrigeration Limited (NSE: ICEMAKE), a leading supplier of innovative cooling solutions and manufacturer of over 50 refrigeration equipment in India, has achieved a significant milestone by securing its largest work order to date. The West Bengal Livestock Development Corporation Limited (WBLDCL), a government-owned corporation focused on the development and promotion of livestock in West Bengal, has awarded Ice Make Refrigeration Limited a contract worth INR 65.48 Crore

 

Under this contract, Ice Make will be responsible for the Dairy Project, which includes the design, supply, installation, and commissioning of civil, mechanical, and electrical work for 1.0 LLPD (expected to expand to 1.5 LLPD) on a turnkey basis at Haringhata in West Bengal.

 

Expressing his enthusiasm for this achievement, Mr. Chandrakant Patel, CMD of Ice Make Refrigeration Limited, stated "As a company that has been recognized as one of the Top Dairy Equipment and Machinery Manufacturers in India, this work order, being our largest, marks a significant stride forward for ICE Make as a well-established brand. Our various products and business verticals are consistently gaining market share, and our new manufacturing facility 'ICEBEST' in West Bengal has been successfully commissioned. This state-of-the-art facility will not only enhance our production capacity but also provide us with a significant cost advantage in the market."

 

Mr. Patel highlighted the strong growth opportunities in India and the company's positive outlook, stating, "Given the strong long-term growth opportunities, the outlook for our business moving forward is promising. We have a robust current order book and leads that will enable us to maintain an annual growth rate of 30% or higher”

 

He further added “Ice Make Refrigeration Limited has a comprehensive presence in all refrigeration segments, including Cold Room Storage, Ammonia Refrigeration, Industrial Refrigeration, Commercial Refrigeration, and Transport Refrigeration. With a strong demand for innovative cooling and cold chain storage solutions in India and various overseas countries, Ice Make is well-positioned to capitalize on these opportunities”

 

About Ice Make Refrigeration Limited:

Ice Make Refrigeration Limited has been catering to the diverse needs of its customers since 1993, providing customized cooling solutions across a wide range of industries. The company operates under key business verticals, including Cold Room, Commercial Refrigeration, Industrial Refrigeration, Transport Refrigeration, and Ammonia Refrigeration, serving numerous industries in India and exporting products to clients in 24 countries.

 

In December 2017, Ice Make was listed on NSE Emerge, with a record-breaking SMEIPO subscription of over 261 times, worth over INR 6100 Crores. The company achieved a significant financial milestone in FY23, surpassing an annual turnover of INR 300 crore. With over 600 employees, Ice Make operates three manufacturing units in Gujarat, one in Tamil Nadu, and the newest just commenced operations in West Bengal.

 

Over the years, Ice Make has received several awards and accolades, including the Indian Leadership Award for Industrial Development in 2011, the Best Medium Enterprise (Manufacturing) by Canara Bank & Skoch Award in 2014, the India SME 100 Award in 2017, and the Gold Award for excellence in its core industry category and the 2017-18 Vision Award for Annual Report Competition, where ICE Make ranked 27th among the top 100 annual reports globally.

 

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