NEW DELHI: Shares of Blue Star climbed 2 per cent and looked on course to extend their gains into the second consecutive session after the company bagged a contract worth Rs 253 crore from the Mumbai Metro Rail Corporation (MMRC).
Blue Star Wednesday said it has bagged a contract from MMRC for the tunnel ventilation system and environmental control system works for the section BKC to Mumbai Central on its Colaba-Bandra-SEEPZ, metro-3 corridor.
The scope of work includes design, manufacture, supply, installation, testing and commissioning along with other associated work, an official statement said.
A week ago, media reports suggested that the airconditioner-maker, which forayed into the water purifier business in 2016, has set a target revenue of Rs 120 crore from it during this financial year.
The company reported a 19 per cent year-on-year (YoY) growth in consolidated revenue for the quarter ended March 31, 2019.
Shares of Blue Star traded 1.71 per cent up at Rs 790 on BSE around 10 am.
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