Blue Star jumps 15 per cent on winning Mumbai Metro order worth Rs 149 crore

The shares of Blue Star Limited were trading as high as 15 per cent on Thursday after the company announced that it has won an electrical & mechanical works (E&M) order valued at Rs 149 crore.

The order was awarded for ‘Mumbai Metro Line III, Package UGC-03’ for five underground stations, namely, Mumbai Central, Mahalaxmi, Science Museum, Acharya Atre Chowk, and Worli, from Dogus-Soma JV.

The scope of this order comprises of the design verification, supply, installation, testing and commissioning of E&M works, including lighting control and protection systems, advanced fire detection and fire-fighting systems, plumbing systems, and SCADA, among others, for the five stations, tunnels, crossovers, cross passages and auxiliary buildings of Mumbai Metro Line III, the company said in a BSE filing.

Speaking on the development, B Thiagarajan, Managing Director of Blue Star Limited added that the latest order was the second significant order won by Blue Star for Mumbai Metro as the company is currently executing the prestigious Mumbai Metro project for air conditioning and tunnel ventilation system of nine underground stations and associated tunnels on line 3 corridor between Mumbai Central and Bandra.

On Thursday, the stock of Blue Star closed at Rs 678.15 per share, up by 9 per cent or Rs 56 per share on BSE, against a 0.10 per cent gain in the benchmark index. The 52-week high is recorded at Rs 887 and the 52-week low is Rs 425 on BSE.