Ice Make Refrigeration Limited has informed the Exchange about press release dated 22-Sep-2022 titled Ice Make to invest up to Rs 50 crore in business expansion plans
Ice Make Refrigeration Limited (Ice Make), a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipment in India, has announced significant expansion plans at its Annual General Meeting.
The project will further strengthen the business growth of the Company.
Our strategic priorities for FY 2022-23 also includes focus on increasing top-line margins and ensuring a consistent growth of 25- 30 percent.
Additionally, the Company is also looking for opportunities to expand geographically, by setting up a stock point or a small manufacturing unit to save logistics cost.
About Us Ice Make Refrigeration Limited, (NSE: ICEMAKE), a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipment in India, has been successfully satisfying the needs of its customers, from production to after-sales service, since 1993.
Leadership Award for Industrial Development in 2011, Best Medium Enterprise (Manufacturing) by Canara Bank Skoch Award in 2014, India SME 100 Award in 2017 and Gold Award for excellence within its core industry category &2017-18 Vision Award for Annual Report Competition” hosted by the League of American Communications Professionals LLC (LACP) where ICE Make has been ranked 27th among the top 100 annual reports globally.
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