Blue Star rises on securing water projects orders worth Rs 375 crore
Blue Star is currently trading at Rs. 1004.75, up by 17.00 points or 1.72% from its previous closing of Rs. 987.75 on the BSE.
The scrip opened at Rs. 1001.00 and has touched a high and low of Rs. 1011.95 and Rs. 978.75 respectively. So far 5335 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1224.70 on 21-Apr-2022 and a 52 week low of Rs. 740.05 on 20-Sep-2021.
Last one week high and low of the scrip stood at Rs. 1057.90 and Rs. 956.60 respectively. The current market cap of the company is Rs. 9667.99 crore.
The promoters holding in the company stood at 38.78%, while Institutions and Non-Institutions held 34.31% and 26.92% respectively.
Blue Star has secured Water Projects orders totaling Rs 375 crore, thereby successfully marking its foray into the Water Projects business. Blue Star, backed by its engineering prowess, proven project management expertise, and impressive track record of on-time/before-time completion of projects, has secured three rural water supply orders from the Department of Rural Water Supply and Sanitation (RWSS), Government of Odisha.
The scope of all the above orders comprises field investigation and total station survey; soil investigation; hydraulic and structural design; procurement, construction, and erection of electro-mechanical equipment; testing and commissioning; and operation & maintenance; with a completion period of 24 months. With the Company’s foray into the Water Business, Blue Star has entered into its next phase of expansion in the Projects Business category.
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.