Blue Star zooms on securing two new prestigious orders from Bangalore Metro Rail Corporation
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Blue Star is currently trading at Rs. 1136.30, up by 30.25 points or 2.73% from its previous closing of Rs. 1106.05 on the BSE.
The scrip opened at Rs. 1106.05 and has touched a high and low of Rs. 1141.75 and Rs. 1087.90 respectively. So far 11964 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. 1141.75 and Rs. 1078.60 respectively. The current market cap of the company is Rs. 10828.09 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 two new prestigious orders worth Rs 390 crore from Bangalore Metro Rail Corporation (BMRCL) for the upcoming Reach-6 of Bangalore Metro Rail Project Phase-II, also known as the Pink Line that spans a distance of about 21 km, and connects Kalena Agrahara (formerly Gottigere) to Nagawara. 18 metro stations are planned on this line.
The first order, valued at Rs 203 crore, is a turnkey project including maintenance works for Tunnel Ventilation System (TVS) and Environmental Control System (ECS), as well as SCADA works for six underground stations and associated tunnel sections in Reach-6 of Bangalore Metro Rail Project Phase-II. The six underground stations include Vellara Junction, M G Road, Shivaji Nagar, Cantonment, Pottery Town, and Tannery Road and second order, valued at Rs 187 crore, is also a turnkey project for Electrical & Mechanical (E&M) works including hydraulics, fire safety systems, and backup power systems for five underground stations, associated tunnel sections, and five elevated stations in Reach-6 of Bangalore Metro Rail Project Phase-II. The five underground stations include Vellara Junction, M G Road, Shivaji Nagar, Cantonment, and Pottery Town; and the five elevated stations namely Swagath Road, J P Nagar 4th Phase, IIMB, Hulimavu, and Kalena Agrahara.
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.
