Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Blue Star opens new office and state-of-the-art flagship showroom in Dubai

Posted On: 2019-04-15 13:27:10

Air conditioning and commercial refrigeration major, Blue Star Limited's wholly owned subsidiary in Dubai, Blue Star International FZCO, through its subsidiary Blue Star Systems and Solutions LLC, announced the inauguration of its new office and its first state-of-the-art flagship showroom in Dubai.

Blue Star International FZCO, headquartered in Dubai, manages the international business operations of Blue Star Limited. Blue Star Systems and Solutions LLC is a subsidiary of Blue Star International FZCO, and it handles all the operations of the Company for the UAE, including its Products, System Integration and Service businesses.

Blue Star, which completed 75 years, has a rich legacy in the Middle East, with its association going back to over 60 years. The Company had forayed into the Middle East in the 1950s with the exports of water coolers to Kuwait and today, has an expansive footprint across several Middle Eastern markets. The company exports air conditioning equipment, water coolers, and commercial refrigeration products and systems and has initiated after-sales service of AC&R products in this region.

The Middle East is a promising market for Blue Star. With a growing hospitality sector, rise in construction activities across residential and commercial sectors, coupled with extreme weather conditions, it is imperative for Blue Star to expand operations and enhance local presence in this region. The Company has an edge on account of its rich pedigree and diverse product offerings and continues to be a preferred brand in this region.

The new office and the state-of-the-art flagship showroom are located in a central and prominent locality on the Airport Road in Dubai, with close proximity to important business centres and travel hubs. With this set-up, the Company has established a one-stop-solution for its entire range of cooling products including spilt ACs, cassette ACs, window ACs, floor standing units, deep freezers, water coolers, bottle water dispensers, air coolers, air purifiers, water tank chillers, ducted split units, VRF system products, AHUs, FCUs, refrigeration units, and cold room panels.

Speaking on the expansion, Vir S Advani, Vice Chairman and Managing Director, Blue Star Limited said, "We are proud of our long and enduring association with the Middle East. With this investment in the UAE, we are looking forward to make deeper inroads and significantly contribute to the growth of the Middle Eastern economy."

Speaking about the inauguration of the new set-up, Dawood Bin Ozair, CEO, Blue Star International FZCO said, "I am confident that our comprehensive AC&R product and service offerings combined with our proven credentials and capabilities including highly skilled and trained workforce at Blue Star Systems and Solutions LLC, will enable us to steadily advance in this market. We have also planned a series of advertising campaigns to enhance awareness and reach out to prospective customers in this region."

Shares of BLUE STAR LTD. was last trading in BSE at Rs.690 as compared to the previous close of Rs. 683.05. The total number of shares traded during the day was 549 in over 65 trades.

The stock hit an intraday high of Rs. 690 and intraday low of 681.85. The net turnover during the day was Rs. 375956.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

BHEL expands bags order to erect Reactor side equipment of Kudankulam Unit 3&4

Amara Raja Batteries Ltd reports 2% growth in revenue during Q1 FY20

Jubilant Life Sciences Ltd board to approve 1st quarter results on July 26, 2019

Muthoot Capital Services Ltd calls for board meeting on July 29, 2019

ICRA revises ratings of Indo Count Industries Ltd

Reliance Industries Ltd approves merger of RHUSA with REGDL and merger of REGDL with itself

K P R Mill Limited board to consider Q1 results on July 29,2 019

IndiGo inaugurates Shillong as 54th domestic destination

Avanti Feeds Ltd Q1 consolidated PAT up at Rs. 101.45 crore

Shri Kumar Mangalam Birla appointed as Chairman of CENTURY Textiles and Industries Limited

ARSS Infrastructure Projects Ltd JV bags work order of Rs. 77.96 crore

HDFC Bank fixes Sep 20, 2019 as record date for stock split

HDFC Bank recommends special interim dividend of Rs. 5

AXIS Bank board approves fund raising of upto Rs. 18,000 crore

HDFC Bank Ltd Q1 FY20 consolidated net profit falls QoQ to Rs. 5676.06 crores

VXL Instruments Ltd calls for board meeting on July 29, 2019

Future Lifestyle Fashions Ltd Q1 PAT falls QoQ, YoY

Andhra Petrochemicals Ltd board to consider quarterly results on Aug 3, 2019

Vodafone Idea Ltd board to announce first quarter results on July 26, 2019

Jagran Prakashan Ltd board to approve Q1 results on July 31, 2019

CARE revises ratings of Godawari Power and Ispat Ltd

Dr. Reddy's Laboratories announces closure of the transaction to divest ZEMBRACE® SYMTOUCH® and TOSYMRA™ to Upsher-Smith Laboratories, LLC

Century Enka Ltd board approves appointment of Smt. Rajashree Birla as Chairperson

Garden Reach Shipbuilders & Engineers Ltd board to consider Q1 results on Aug 9, 2019

Amara Raja Batteries Ltd Q1 FY20 net profit at Rs. 140.91 crores

Cipla Ltd gets 7 observations from USFDA for API facility in Bengaluru

Kirloskar Pneumatic Co. Ltd. Q1 net profit at Rs. 3.46 crore

US FDA completes inspection at Strides' flagship facility in Bangalore

CG bags contract for 400 MW wind farm in Saudi Arabia

NCL Industries Ltd reports 4% growth in cement production in Q1 FY20

CRISIL reaffirms rating of Edelweiss Financial Services Ltd's short term borrowing

IndiGo reports PAT of INR 12,031 million and EBITDAR of INR 27,785 million in Q1 FY20

Brookfield to invest Rs. 25,215 crore in units of RIL's tower infrastructure trust

Bandhan Bank Ltd Q1 net profit rises to Rs. 701.14 crores

Mahindra CIE Automotive Ltd Q2 CY19 PAT drops to Rs. 126.22 crores

Bhageria Industries Ltd reports Q1 net profit of Rs. 17.01 crore

REC Limited launches US$ 650 Million 3.375% Notes

IOL Chemicals & Pharmaceuticals Ltd prepays term loan of Rs. 15.39 crore

McNally Bharat Engineering Company Ltd bags order from NLC India Ltd

RIL Q1 consolidated net profit at Rs. 10141 crores

L&T Technology Services Q1FY20 revenue rises on large deal wins

Dabur India Q1 Consolidated Net Profit surges 10.3%

Bhumika Group partners with Shoppers Stop Ltd. at Urban Square, Udaipur

HPL Electric partners with Haryana Steelers for Pro Kabaddi League Season 7

ICICI Lombard General Insurance Q1 FY20 PAT up 7.1% YoY

L&T Technology Services Ltd Q1 consolidated up at Rs. 203.9 crores

Indian Energy Exchange Ltd board to announce 1st quarter results on July 31, 2019

L&T Finance Holdings Ltd Q1 consolidated PAT at Rs. 548.79 crores

IndiaMART recognized as 'Top 5 Coding Powerhouse in India'

PNB to consider raising Rs. 5000 crore

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019