Blue Star wins prestigious order worth Rs 128 crores from M/s Wistron Infocomm, major manufacturer of iPhones for Apple

Air conditioning and commercial refrigeration major, Blue Star Limited, has won a prestigious order from M/s Wistron Infocomm valued at Rs 128 crores, for Mechanical Electrical and Plumbing (MEP) works for their factory expansion project. Currently, this order is one of the largest and fast-track projects, being executed by Blue Star in the factories segment.

The scope includes supply, installation, testing and commissioning of HVAC system of 4000 Ton capacity, HT and LT electrical works with switchgear, transformers and DG sets, fire-fighting system, plumbing, compressed air system, and sophisticated Building Management System.

Wistron is a Taiwan based contract manufacturer of electronic goods and is one of the major manufacturers of iPhones for Apple. Wistron has been producing Apple devices at its existing factory at Kolar, Bengaluru, and has now embarked upon its Phase II expansion as a part of which, it is constructing a large manufacturing block and an IT building.

B Thiagarajan, Managing Director, Blue Star Limited, adds, "Blue Star is proud to have bagged this prestigious order for Mechanical Electrical and Plumbing works from M/s Wistron Infocomm. We are witnessing steady growth in the inflow of orders for bundled services and continue to enjoy market leadership. Our value proposition is 'Superior project delivery through intelligent engineering, modern execution practices, and committed teams,' and with the Aatma Nirbhar Bharat related programmes gaining momentum, we expect the manufacturing sector to contribute significantly to our growth."

Shares of BLUE STAR LTD. was last trading in BSE at Rs.654.45 as compared to the previous close of Rs. 642.8. The total number of shares traded during the day was 2254 in over 460 trades.

The stock hit an intraday high of Rs. 659.6 and intraday low of 645.95. The net turnover during the day was Rs. 1477090.

Source : Equity Bulls

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