Home Economy Blue Star eyes Rs.150 crore revenue from AC segment

Blue Star eyes Rs.150 crore revenue from AC segment

By IANS,

Kolkata : Blue Star is eyeing Rs.150 crore revenue from its room airconditioning business in the last quarter of the current fiscal to post an annual growth of 15 percent, a senior official said here Wednesday.

“We are expecting around 15 percent revenue growth in room AC business this year. Till December (2009-10), the revenue was Rs.200 crore. But we expect to mop up another Rs.150 crore in the fourth quarter,” company’s Product Group Vice President P.V. Rao said at a press meet.

The company earned a revenue of Rs.310 crore from this segment in the last financial year. It has 10 percent market share in room AC segment.