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Blue Star Ltd.

BSE: 500067 Sector: Engineering
NSE: BLUESTARCO ISIN Code: INE472A01039
BSE LIVE 15:43 | 06 Dec 482.65 0.75
(0.16%)
OPEN

480.10

HIGH

490.00

LOW

470.75

NSE LIVE 15:40 | 06 Dec 482.05 3.20
(0.67%)
OPEN

471.05

HIGH

496.50

LOW

471.05

OPEN 480.10
PREVIOUS CLOSE 481.90
VOLUME 4814
52-Week high 581.00
52-Week low 306.10
P/E 38.83
Mkt Cap.(Rs cr) 4606.89
Buy Price 0.00
Buy Qty 0.00
Sell Price 482.65
Sell Qty 337.00
OPEN 480.10
CLOSE 481.90
VOLUME 4814
52-Week high 581.00
52-Week low 306.10
P/E 38.83
Mkt Cap.(Rs cr) 4606.89
Buy Price 0.00
Buy Qty 0.00
Sell Price 482.65
Sell Qty 337.00

Blue Star Ltd. (BLUESTARCO) - Company History

Blue Star Ltd is India's largest central airconditioning company with a network of 24 offices, 5 modern manufacturing facilities and 650 dealers. The company fulfills the airconditioning needs of a large number of corporate and commercial customers and has also established leadership in the field of commercial refrigeration equipment ranging from water coolers to cold storages. Their other businesses include marketing and maintenance of hi-tech professional and industrial products. The company has business alliances with world renowned technology leaders such as Rheem Mfg Co, USA, Hitachi, Japan, Eaton-Williams, UK, Thales e-Security Ltd, UK, Jeol, Japan, ISA, Italy and many others, to offer superior products and solutions to customers. The company has manufacturing facilities at Thane, Dadra, Bharuch, Himachal and Wada which use state-of-the-art manufacturing equipment to ensure that the products have consistent quality and reliability. Blue Star Ltd was founded in the year 1943 by Mohan T Advani. The company began as a modest 3-member team engaged in reconditioning of airconditioners and refrigerators. Within three years, the company secured the agency for US-based Melchoir Armstrong Dessau's airconditioning equipment. In the year 1947, the company was selected by Worthington, the US leader in airconditioning, as their India based partner. In the year 1949, the proprietorship company set their sights on bigger expansion, took on shareholders and became Blue Star Engineering Company Pvt Ltd. The company also diversified and took up agencies for Material Testing Machines and Business Machines. In 1970, the Company took up the all-India distributorship of Hewlett-Packard products. In the year 1977, Blue Star set up a joint venture with Al Shirawi in Dubai. An Industrial Division was set up in the year 1978, to complement their airconditioning projects and undertake turnkey industrial projects. Bharuch factory was set up in the year 1980. Also, they set up a software export unit at Seepz, Mumbai in 1983. In the year 1984, they made a collaboration with York International of USA for central airconditioning equipment. Within three years, they made joint ventures with Motorola and Yokogawa. In the year 1988, the made manufacturing collaboration with Mitsubishi. An advanced manufacturing facility was set up at Dadra in 1997, in technical collaboration with Rheem, USA, to enhance manufacturing competency. The company set up a wholly owned subsidiary company under the name Blue Star Design & Engineering Ltd in November 2003 which provide offshore product design and project engineering services to the global manufacturing and specialized Architecture, Engineering and Construction sectors. In the next year, they sold 975000 equity shares of Blue Star Design & Engineering Ltd, constituting 50% of their holding, to Synergy Realtors And Services Pvt Ltd and ceased to be a holding company. The cooling products segment increased their manufacturing capacity for room airconditioners substantially with a new plant in Himachal Pradesh that went into production in May 2005. In addition, a modern cold room panel manufacturing facility was commissioned in October 2005. Also, the first phase of construction of a fourth plant at Kala Amb was completed and production commenced in May 2005. The company completed the first phase of construction in their fifth palnt in Wada, Maharashtra and commenced their production in March 2008. Also, the company strengthened their projects business through the strategic acquisition of the business of Naseer Electricals Pvt Ltd, a leading electrical contracting firm in January 2008. The company is in the process of amalgamation of Admo Holdings Pvt Ltd, Sunag Investments Pvt Ltd, Sunadhad Investments Pvt Ltd and Mohan T Advani Finance Pvt Ltd with the company. In July 2008, the company was awarded an order from Delhi Metro Rail corporation of Rs 104 crore for providing airconditioning solutions to 7 metros stations. Also, Airport Authority of India has awarded an order of Rs 8.1 crore for the total airconditioning works and building management system at their new integrated terminal building of Aurangabad airport.

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