Blue Star Wins Orders Worth Over Rs 500 Crore In India
These turnkey orders won in the recent months confirm early signs of revival in the MEP industry, informed the company in an official statement
Indian air conditioning and commercial refrigeration major Blue Star Ltd has won Mechanical, Electrical and Plumbing (MEP) orders of over Rs 500 crore.
The orders have been received for Sands Infinit, SmartCity Kochi; My Home Divija, Hitec City, Hyderabad; Tower A, Ritz-Carlton, Mumbai; and others.
These turnkey orders won in the recent months confirm early signs of revival in the MEP industry, informed the company in an official statement.
Rapid increase in urban population and related infrastructure growth, along with rising commercial and industrial projects, is driving the integrated MEP services market in India.
Building structures have become increasingly complex across commercial and residential segments, industries as well as infrastructure, leading to a growing need for a turnkey MEP service provider.
MEP orders won by Blue Star Sands Infrabuild, Kochi awarded Rs 145 crore MEP order for Sands Infinit, a 4.2 million sq ft IT park project in Kochi Smart City.
Blue Star booked an Rs 160 crore MEP order from My Home Group in Hyderabad, towards the upcoming My Home Divija, a platinum-rated green building project in Hitec City, the IT hub of Hyderabad.
Oasis Realty gave a MEP order for Rs 157 crore towards a mixed-use project Tower A, Ritz-Carlton in Mumbai, a 62-storey building with The Ritz-Carlton Hotel occupying the first 30 floors, and luxury residences managed by The Ritz-Carlton on the remaining over 30 floors.
Vir S Advani, Managing Director, Blue Star Ltd adds, “Urbanisation, growth in the construction industry, and smart cities, along with the increasing penetration of green buildings are driving the growth of MEP services in India. Works contract at 18 per cent for MEP services is going to further help in industry growth as the input tax credit is now available to our clients.”
“Blue Star’s advanced project management skills and impressive track record of on-time completion have helped the company win several eminent MEP contracts in the recent months. With the latest state-of-the-art technologies and superior project delivery, we are confident of delivering a world-class customer experience to these esteemed clients.”