Blue Star to intensify commercial refrigeration ops

17 Feb 2021 CW Team

Air-conditioning and refrigeration company Blue Star Ltd has intensified its focus on the commercial refrigeration market that is expected to touch the Rs 5,000 crore mark in the next three years. The company recently unveiled a new range of commercial refrigeration products and solutions for vaccine storage. These specifically designed, temperature-controlled refrigerators and transporters, include ice lined refrigerators (+2°C to +8°C) and vaccine transporters (+8°C to -20°C).

Currently, the country's commercial refrigeration segment is valued at Rs 3,000 crore, out of which Blue Star has a share of Rs 1,000 crore. Vaccine related storage and transporters orders could reach Rs 150 crore until September 2021, according to the company.

Make in Steel 2021

24 February

Click for event info

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Blue Star has witnessed a post-Covid surge in demand for commercial refrigeration products and solutions from across market segments, especially from healthcare, pharmaceutical, fast food chains, and quick service restaurants clients.

The Mumbai-based multinational company is setting up a new plant at Wada, where it already has a manufacturing facility, to produce deep freezers and storage water coolers. The new plant, estimated at Rs 130 crore, will have the capacity to produce 100,000 storage water coolers and 200,000 deep freezers per year.

Image: India’s commercial refrigeration segment is currently valued at Rs 3,000 crore and is expected to reach Rs 5,000 crore in the next five years.

Also read: COVID-19 Impact on Warehousing

Also read: Trends this year in logistics and supply chain

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..