Blue Star expects 25-30% growth for ACs during the summer

05 Apr 2023 CW Team

In 2023 and 2024, Blue Star Ltd anticipates a 25–30% increase in sales, thanks to a consistent demand for air conditioners throughout the sweltering summers that will follow. Their emphasis is on extending access through physical and online platforms while focusing on budget and affordable premium sectors. During FY-22, it had a total turnover of 353,770 million.

The company, which entered the domestic air conditioners market in 2011, anticipates capturing a 15% market share by FY25 thanks to strong demand from first-time purchasers, notably in tier-3, tier-4, and tier-5 towns.

The sector is expected to reach the historic 10 million unit sale of air conditioners in FY-24, up from roughly 8 million units this fiscal, according to B Thiagarajan, Managing Director, Blue Star.

A manufacturing facility has been established in Sri City by Blue Star through its wholly owned subsidiary Blue Star Climatech Ltd. The plant started producing room air conditioners for sale in January of this year. Some of its new items will be sourced from this area. The plant's proximity to the southern ports will make it possible for the business to manage logistics effectively by assuring quick movement and containing the cost.

Out of the entire $5,500 million that was projected to be invested in this project over several years in phases, the corporation has so far committed about 3350 crore. In the first year, it will produce roughly 3 lakh units, and thereafter output will be gradually increased to 1.2 million units.

Blue Star anticipates that its EBITDA margins, which have been 7.5% year to date through the third quarter of this fiscal, will increase to around 8-8.5% by the conclusion of the current fiscal. After production at the new factory picks up, it anticipates margins to increase even more to almost 9.5–10% in the upcoming year.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..