 "Balmer Lawrie to invest Rs 400 crores in logistics infrastructure")
Balmer Lawrie & Company Ltd, which provides logistics services to both inbound and outbound cargo, will invest Rs 400 crores in its logistics infrastructure business. “After the 98th annual general meeting held on September 22, 2015, the company has announced investment of Rs 400 crore in its logistics infrastructure business in the next 24-36 months,” said Balmer Lawrie & Company Ltd in a BSE filing on September 23, 2015.
As part of its expansion plan, the company will build a multi-modal logistics hub at Vizag, a project under the MoU signed by Balmer Lawrie with Visakhapatnam Port Trust. In addition, the company will set up temperature-controlled warehouses at different locations in phases.
Balmer Lawrie’s logistics infrastructure business has three container freight stations at Kolkata, Mumbai and Chennai. Its warehousing and distribution facilities at Kolkata and Coimbatore handle a whole range of cargo. Besides logistics, Balmer Lawrie operates five business units - industrial packaging, greases & lubricants, leather chemicals, travel & vacations, and refinery & oil field services.
As part of its expansion plan, the company will build a multi-modal logistics hub at Vizag, a project under the MoU signed by Balmer Lawrie with Visakhapatnam Port Trust. In addition, the company will set up temperature-controlled warehouses at different locations in phases.
Balmer Lawrie’s logistics infrastructure business has three container freight stations at Kolkata, Mumbai and Chennai. Its warehousing and distribution facilities at Kolkata and Coimbatore handle a whole range of cargo. Besides logistics, Balmer Lawrie operates five business units - industrial packaging, greases & lubricants, leather chemicals, travel & vacations, and refinery & oil field services.