Blue Star Limited, India's leading central air-conditioning company has recently acquired several prestigious air-conditioning projects in North India. These include:

1. Fortis Healthcare, Mohali, Punjab:

Blue Star will be air-conditioning the super speciality world class hospital being set up by Fortis Healthcare at Mohali. This order is worth being about Rs 78 million and involves the supply and installation of 3 x 433 TR Screw Chillers and 54 numbers Double Skin Air Handling Units.

2. Players Block, Delhi Sachivalaya:

The air-conditioning of the building which will house the Delhi Chief Minister's office and Sachivalaya of Delhi Government has been entrusted to Blue Star. The project worth Rs 51 million involves the supply and installation of 3 x 400 TR Centrifugal Chillers.

3. Moser Baer India Limited, Noida:

Moser Baer a fully export oriented manufacturing company is setting up a facility to manufacture re-writable Cds at Noida. Blue Star will be air-conditioning this facility at a cost of Rs 85 million. The project involves supply and installation of 5 x 400 TR Centrifugal Chillers.

The Screw and Centrifugal Chillers that will be supplied to the above three projects are manufactured in technical association with York International, U.S.A. Blue Star continually endeavours to bring the latest international technologies to its India clientele.

Bombay High Court reconfirms Blue Star Software spinoff

The Division Bench of the Bombay High Court comprising of their Lordships, the Honorable Mr. Justice B.N.Shrikrishna and Honorable Mr. Justice S. Radhakrishnan, on 1st march 2000 summarily dismissed the Appeal filed by the Blue Star Employees' Federation against the order of the Company Bench, which approved the Scheme of Arrangement of Blue Star Limited (BSL) for the spin off of its International Software Division to Blue Star Infotech Limited (BSIL). The Bench directed the Union to pay costs of Rs. 15,000/- to the company, and rejected the Union's request for a stay of the order.

The scheme will be effective retrospectively from October 1, 1998. The assets of the Software Division will be transferred to the new company at book value.

Shareholders of Blue Star Limited will get 1 share of BSIL and 3 shares of BSL in place of every 4 shares of BSL held by them. Consequently, the share capital of Blue Star Limited will be reduced by 25%.

Issued by:

The Public Relations Dept.

Blue Star Limited

Date: 2nd March, 2000

Place: Mumbai