Blue Star secures order for Mumbai Metro Rail

Air-conditioning and commercial refrigeration company Blue Star informed the bourses that it has received orders to supply Air Conditioning and Tunnel Ventilation System from Mumbai Metro Rail Corporation, on Tuesday. The said order is amounting to Rs. 253 crore.

The order would further expand the company’s EMP and Packaged Air Conditioning system segment revenue, going ahead. The order book of EMP and Packaged Air Conditioning system segment as on FY19 stood at Rs. 2,952 core which translates book-to-bill of 1.1x on FY19 revenue giving healthy revenue visibility in the near term.

Blue Star is India’s leading air-conditioning, commercial refrigeration company and MEP contracting company having a presence in 19 international markets in the Middle East, Africa and South Asia. The company enjoys around 12.3 per cent market share as of FY19 end.

On Tuesday, the stock of Blue Star opened at Rs. 745 per share and made an intraday high and low of Rs. 747.95 and Rs. 736, respectively on the BSE. At 12:06 hours, the stock was trading at Rs. 744.00, down by 0.45 per cent.