HYDERABAD, JULY 18, 2023: 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 Rs 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 Lakh liters per day (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”