Blue Star bags order for VAC system from Mumbai Metro Rail

The air conditioners manufacturer informed exchanges that Mumbai Metro Rail Corporation (MMRCL) has issued a Letter of Intent dated June 18, 2019, to the company for design, manufacture, supply, installation, testing and commissioning of tunnel ventilation and air conditioning system.

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MUMBAI (Metro Rail News): Mumbai Metro Rail Corporation Limited (MMRCL) has issued a Letter of Intent to the Company for Design, Manufacture, Supply, Installation, Testing and Commissioning of Tunnel Ventilation and Air Conditioning System approximately valued at Rs253cr, subject to the definitive agreements to be executed between the Company and MMRCL.
Blue Star shares rallied 5.7 percent intraday on June 19 after receiving the order from Mumbai Metro Rail.

The order is valued approximately at Rs 253 crore, which is subject to the definitive agreements to be executed between the company and MMRCL, it said.

The Mumbai Metro is a rapid transit system serving the city of Mumbai, Maharashtra, and the wider metropolitan region. The system is designed to reduce traffic congestion in the city, and supplement the overcrowded Mumbai Suburban Railway (colloquially called local trains) network. It is being built in three phases over a 15-year period, with overall completion expected in 2025.

When completed, the core system will comprise eight high-capacity metro railway lines, spanning a total of 235 kilometers (146 mi) (24% underground, the rest elevated, with a minuscule portion built at-grade), and serviced by 200 stations.
As of August 2018, Mumbai metro consisted of 1 operational line (Line 1 – elevated metro from Versova to Ghatkopar), and 4 lines under various stages of construction

As of August 2018, Mumbai metro consisted of 1 operational line (Line 1 – elevated metro from Versova to Ghatkopar), and 4 lines under various stages of construction

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