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Blue Star spurts on plan to set up two new manufacturing facilities at Jammu and Sri City

23 Feb 2016 Evaluate

Blue Star is currently trading at Rs 331.00, up by 6.10 points or 1.88% from its previous closing of Rs. 324.90 on the BSE.

The scrip opened at Rs. 329.85 and has touched a high and low of Rs 333.00 and Rs 326.00 respectively.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 398.00 on 24-Dec-2015 and a 52 week low of Rs 274.00 on 18-Mar-2015.

Last one week high and low of the scrip stood at Rs 340.00 and Rs 324.00 respectively. The current market cap of the company is Rs 2976.89 crore.

The promoters holding in the company stood at 39.46% while Institutions and Non-Institutions held 28.83% and 31.71% respectively.

Blue Star is in the process of setting up two major facilities to redesign and augment its manufacturing footprint. These will be located at Samba in Jammu and Sri City in Andhra Pradesh. Further, the company is planning to invest Rs 125 crore over the next three-four years towards this exercise, which will increase its overall production capacity to a million units towards the final phase.

The company had embarked on a manufacturing footprint programme with the help of KPMG. Consequent to that exercise, the company has closed down its Thane and Bharuch plants. Thus, the company has five plants at Wada, Dadra, Ahmedabad in Gujarat, and Himachal Pradesh. Whilst, the plant at Sri City is proposed to be built on 20 acres, while the Samba factory is to be constructed on over 24 acres. These factories will primarily manufacture room ACs, deep freezers and water coolers.

Blue Star is India’s leading central air-conditioning and commercial refrigeration company fulfilling the cooling requirements and providing end-to-end solutions as a manufacturer, contractor and after-sales service provider to corporate, commercial, institutional and residential customers.

Blue Star Share Price

1865.85 17.20 (0.93%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
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