Mumbai : Blue Star is planning to start construction of the Sri City plant in Andhra Pradesh by 2021. The company had purchased 23 acres of land from a private developer at a cost of Rs 85 lakh per acre for the facility. The installed capacity of the Andhra plant would be five lakh units per annum, taking the overall production volume to 10.5 lakh units, including its two facilities in Himachal Pradesh.
The total capital expenditure for the new unit would be Rs 180 crore in phase one and Rs 30 crore in the second phase. In the residential water purifier space, which the company forayed has a market share of 2.5 per cent, and is keen to take the figure to 10 per cent over the next three years.
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.