📋 Tender Overview
Scope : To Set up Exports, Commercial ACs Unit in Sri City, Andhra Pradesh
Airconditioning major Blue Star Ltd. has commenced operations of its subsidiary at Sri City, Andhra Pradesh, and plans to set up one more unit.
Since January 2023, Blue Star Climatech has started producing room ACs from Sri City facility. In the first phase, the unit will manufacture 3 lakh room ACs, which will be gradually scaled up to 1.2 million units per annum by FY27.
The plant would come up in three phases and be completed by FY27. In the first phase, the company had invested ?350 crore with provision to invest another ?200 crore.
The company had invested ?156 crore in plant and machinery through a production-linked incentive scheme and was expecting to get about ?73 crore by way of PLI benefit.
They were planning to set up a new unit for which 40 acres would be procured in Sri City to make commercial ACs and also to cater to export market needs. Currently, Blue Star’s export revenue stands at $100 million and plans are on to more than double it to $250 million in three years.
Regarding the new unit, the initial investment could be upwards of ?250 crore.
