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Blue Star to exit Joint Venture in Oman

06 Feb 2019 Evaluate

Blue Star has received an approval for the proposal to exit the Joint Venture, in view of cost overrun in the projects executed by Blue Star Oman Electro-Mechanical Company LLC (BSOEMC), the company's joint venture in Oman and unattractive business potential in Oman. The Board of the company at its meeting held on February 05, 2019, approved the same.

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.

Peers
Company Name CMP
Voltas 1144.30
Blue Star 1486.80
Amber Enterprises 6988.55
EPACK Durable 177.85
Bosch Home Comfort 1669.60
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