Blue Star said on Thursday it is doubling its capacity for commercial refrigeration products by setting up a new manufacturing plant at a cost of Rs 130 crore. The new plant at its existing facility at Wada in Thane district of Maharashtra will have annual capacity to produce two lakh deep freezers and one lakh storage water coolers. It is in the advanced stages of completion and is likely to be commissioned by the year-end.
The need for commercial refrigeration in India is increasingly becoming vital across industries be it for pharmaceutical, healthcare, agriculture, hospitality, food processin and dairy among others.
The demand for these products and equipment is witnessing a rapid uptick with pharmaceutical and healthcare sectors witnessing heightened momentum due to the rollout of vaccination drive and enhanced thrust by the government to build a future-ready robust healthcare ecosystem. Blue Star has a market share of 60 to 70 per cent in the pharmaceutical and healthcare segments in its addressed product categories like modular cold rooms, medical freezers, ultra-low temperature freezers, pharma refrigerators and blood bank refrigerators.
Besides, it offers a wide spectrum of cold chain equipment catering to agriculture, dairy, ice-cream, processed foods, hotels, restaurants, fast-food chains, quick service restaurants and retail outlets besides several institutional clients.