Balmer Lawrie & Company

Logistics would emerge as the highest revenue-generating business for diversified PSU Balmer Lawrie & Company, a top official said on Thursday. Speaking at a virtual press conference, chairman and managing director of Balmer Lawrie Adhip Nath Palchaudhuri said that by 2030, the logistics vertical would contribute 45 per cent to 50 per cent of the total revenue of the PSU, which is projected to be Rs 6,000 crore. This financial year, the PSU expects to touch a revenue of Rs 3,000 crore, the CMD said. He said the first quarter of the current financial year has been very strong. The ongoing second quarter has been doing well. In the logistics vertical, the company has entered railway logistics with three rakes fully deployed, and Balmer Lawrie has entered into an agreement with SAIL in this regard. Balmer Lawrie has also started a third-party logistics business for which a warehousing facility has been commissioned at Dankuni near the metropolis, which will serve as a hub for the ...

Among the highlighted companies, state-owned Miniratna company Balmer Lawrie & Company has declared the highest dividend, announcing a dividend of ₹8.50 per share

Diversified PSU Balmer Lawrie & Co has planned a capital expenditure of Rs 700 crore with the aim to achieve a revenue of Rs 6,000 crore by 2030, a company official said on Thursday. It plans to diversify into ethanol production, set up a free trade warehousing zone (FTWZ) in Mumbai and upgrade facilities, Chairman and Managing Director Adhip Nath Palchaudhuri told reporters. "The board of the company has approved a capital expenditure of Rs 700 crore, he said. The Kolkata-headquartered company also plans to enter third-party logistics for companies wanting to store their products, the CMD said. Palchaudhuri said Balmer Lawrie will make an investment of Rs 330 crore for producing ethanol using rice and maize as feedstock, and Rs 220 crore for setting up the FTWZ, which is akin to a special economic zone (SEZ). Another Rs 45 crore will be spent for setting up a third-party logistics hub at Dankuni in West Bengal. The top official said the company is aiming at a revenue of Rs 6,000

Diversified PSU Balmer Lawrie & Company is aiming at a revenue of Rs 6,000 crore by 2030 and is in the process of engaging a consultant to prepare a comprehensive growth plan, a top official said on Friday. The company, which operates across several business verticals, including grease and lubricants, industrial packaging, logistics and travel and vacations (T&V), has a current revenue of Rs 2,400 crore. "We are targeting a revenue of Rs 6,000 crore by 2030 and looking to appoint a consultant to guide us," Balmer Lawrie CMD Adhip Nath Palchaudhuri said. He also said the key focus areas for growth are travel and vacation, grease and lubricants, logistics, and industrial packaging. Palchaudhuri noted that the T&V vertical has substantial growth potential. "Around 80 per cent of the business lies outside government departments, predominantly in the private sector. We are actively promoting our services to capture a significant share of the leisure travel market," he said. The

The stock hit a 52-week high of Rs 888, up 13% on BSE in intra-day trade.