In a bid to expand its footprint, air conditioning and refrigeration major BlueStar on Thursday announced the launch of a new range of commercial refrigeration products. Among the latest offerings include temperature controlled design for refrigeration and transporting coronavirus vaccines.
At 10:30 am on Thursday, the company s scrip on NSE was trading 1.4% higher at Rs 825.70. In a stock exchange filing, the company said that the newly designed units are Ideal for vaccination programmes due to their ability to maintain a desired temperature even without power for up to as long as 48 hours, and can be transported across the country they maintain desired low temperatures even while in transit by working off the battery of any four-wheel vehicle.
Blue Star aims to double sales from commercial refrigeration segment in the next three years
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Last Updated: Feb 11, 2021, 05:26 PM IST
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Synopsis
Blue Star has around 70 per cent market share in the pharmaceutical and healthcare segments with product categories such as modular cold rooms, medical freezers, ultra-low temperature freezers, pharma refrigerators, and blood bank refrigerators.
Agencies
NEW DELHI: Cooling products maker Blue Star expects to double its sales from the commercial refrigeration segment in the next three years as the company is witnessing an uptick in demand for its products in the segment after the pandemic. According to
Blue Star Managing Director B Thiagarajan, the pandemic has created an opportunity for the segment that has become important because of the government s spending on vaccination and healthcare infrastructure besides others as agri infrastructure, Aatmanirbhar Bharat and food processing.