 "AC major Blue Star to set up 2 units at Rs 215 crore investment")
"We have plans to set up two units with a total investment of Rs 215 crore at Jammu and Sri City in Andhra Pradesh. With the help of these two units, the company is looking forward to manufacture air conditioners, deep freezers and water coolers," Blue Star Joint Managing Director B Thiagarajan told reporters here.
The company had sold 3.1 lakh room ACs last fiscal, he said.
As per estimates, the annual demand for room ACs is 40 lakh pieces in the country and this demand is expected to rise by 20 per cent in the current fiscal, Thiagarajan said.
He further said the company targets 12% room AC sales in the current fiscal.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%