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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