Blue Star plans capacity expansion to infuse Rs 250 crore
Renowned air conditioner manufacturer Blue Star has announced the expansion plans. As per the updates from The Economic Times, the firm will invest Rs 250 crore in the next financial year to raise the manufacturing capacity of room air conditioners at its Sri City facility in Andhra Pradesh.
The firm has a production capacity of 10 lakh room air conditioners across its various manufacturing facilities, including the Sri City unit. The plan is to raise the manufacturing capacity to 1.8 million units soon. Blue Star intends to garner a market share of 15 percent in the room AC segment, for which there is a need to have products at various price points.
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