Ice Make Refrigeration Limited announced significant expansion plans at its Annual General Meeting 2022. During this financial year, the Company is planning to set up a Greenfield unit at a cost of around INR 450 million to INR 500 million. The Company will manufacture Continuous Penals that are used in areas like infrastructure, industrial & residential buildings.

The project will be set up in Gujarat and expected to be fully functional in the next 12 to 15 months.