Blue Star has forayed into Engineering Facility Management (EFM), which covers a wide repertoire of operation and maintenance services for efficient functioning of electro-mechanical utilities.
Facility Management involves multiple disciplines to ensure smooth and efficient functioning of the built environment through comprehensive integration of human resources, systems, technology and domain knowledge of the service provider for delivery of ‘non-core’ engineering support services to the customer. The hidden costs of maintenance include safety, downtime costs, avoidable high energy outlay, preventable overtime, restricted throughputs, equipment life, and quality costs, besides others.
Effective maintenance, in turn, helps deliver improvements based on domain knowledge, experience, skills, attitude, established processes, professional capabilities and a strategic approach. EFM results in optimal output from the facilities, with lowered asset life-cycle costs, maximised profits and longer equipment life. These can be measured scientifically to provide demonstrable value. A site-based engineering team provides rapid onsite response to system requirements and issues, reducing the client's operational costs and minimising downtime or disruption to the site’s operation. External management of such operations vital to the success of the business facilitates clients to free their time to focus on their core business.
B Thiagarajan, Joint Managing Director, Blue Star, said, ''Blue Star's engineering services are built on its extensive experience in Mechanical, Electrical and Plumbing (MEP) project management capabilities and comprehensive cooling solutions. HVAC and electro-mechanical services comprise 90% of engineering services, which is expected to gain significant momentum with increasing outsourcing of services, proving to be a strong revenue stream to complement Blue Star's electro-mechanical projects and annual maintenance contracts (AMC) businesses. The company's end-toend engineering expertise, a proven long standing track record, and commitment to excellence and innovation have been resulting in customers being deeply satisfied with its Engineering Facility Management offerings.''
Shares of the company gained Rs 2.2, or 0.29%, to trade at Rs 751.10. The total volume of shares traded was 1,443 at the BSE (9.59 a.m., Wednesday).
