Blue Star to invest in new manufacturing facilities; targets to grow by 25% in FY22
March 17, 2021
B Thiagarajan, MD, Blue Star - Businessline×
AC major Blue Star will invest ₹250 crore in a manufacturing plant in Sri City, Andhra Pradesh, which will have a production capacity of 5 lakh room air-conditioning units per annum. It will also invest ₹150 crore in a new manufacturing plant in Wada, Maharashtra, for deep freezers, a top company official said on Wednesday.
In the second phase, which will be in the next 3-4 years, another investment of ₹270 crore will be made in the Sri City plant, for an annual production capacity of 7 lakh room ACs. The construction of the plant will begin in FY22.
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