: Air-conditioner and commercial refrigeration major Blue Star plans to commission its greenfield unit at Sri City in Andhra Pradesh by the financial year 2022, a top official said Tuesday.
Construction activities at the plant would start in FY21 and the goal is to commission the unit by FY22, Blue Star joint managing director B Thiagarajan told reporters here.
The company had acquired land at Sri City and the installed capacity would be five lakh units per annum, he said.
Blue Star launched 75 new models of room air- conditioners during its platinum jubilee year in 2018, which include energy-efficient inverter ACs promising 30 per cent extra cooling over and above its rated capacity.
On the launch of the new range of air-conditioners, he said the company is confident of increasing its share in the room AC market to 13.5 per cent in FY20 from 12.8 per cent now.
The firm registered a revenue of Rs 4,600 crore last fiscal.
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It intends to increase its investment to Rs 50 crore in FY20 as against Rs 40 crore in FY19 on new product development as well as on research and design initiatives, he said.
Blue Star plans to increase its exclusive brand stores in the country to 250 by the end of FY20 from the current 200, he added.
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