Blue Star bags various orders worth over Rs 500 crores
DSIJ Intelligence / 21 Aug 2017
As per a BSE filing, Blue Star has won mechanical, electrical and plumbing (MEP) orders of over Rs 500 crore for various companies across India.
As per a BSE filing, Blue Star has won mechanical, electrical and plumbing (MEP) orders of over Rs 500 crore for various companies across India. These include Sands Infinit, SmartCity Kochi; My Home Divija, Hitec City, Hyderabad; Tower A, Ritz-Carlton, Mumbai; and others.
According to the company, a rapid increase in urban population and related infrastructure growth, along with an increase in commercial and industrial projects, is driving the integrated MEP services market in India.
Blue Star was trading at Rs 743 per share, up by Rs 28.60 or 4% as at 1150 hours on Monday, on the BSE. The share price also witnessed an increase in volume by more than 1.21 times. The stock has its adjusted 52-week high at Rs 754 (August 18, 2017) while its adjusted 52-week lowest was Rs 435 (November 9, 2016). The stock attracted a traded volume of 90,684 shares and traded value of Rs 670 lakhs on the NSE.
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