Tuesday 18 June 2019
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business-standard - 7 days ago

Blue Star eyes Rs 120 cr from water purifiers biz in FY 19-20

: Airconditioner-maker Blue Star Ltd, which forayed into the water purifier business in 2016, has set a target revenue of Rs 120 crore from it during this financial year, a top company official said Wednesday. The company, which sold 70,000 units of water purifiers since 2016, was also eyeing to retail 1.20 lakh units, Blue Star Ltd managing director B Thiagarajan said. We are attempting to reach a turnover of Rs 120 crore from this business in (financial year 2019-2020), he told reporters after unveiling a range of water purifiers. According to company officials, Blue Star was also aiming to surpass the marketshare of five per cent in this vertical during this financial year. The company, in 2019-20, would generate jobs for around 500 people which include recruiting around 200-250 people for its new manufacturing facility being set up in Wada, Maharashtra. Besides the Wada unit, Blue Star has manufacturing facilities in Himachal Pradesh, Dadra and Ahmedabad. We are ...

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