Balmer Lawrie & Co, a diversified public sector undertaking, has announced plans for a capital expenditure of ₹700 crore aimed at reaching a revenue target of ₹6,000 crore by 2030, as stated by a company official on Thursday.
The firm intends to diversify its operations into ethanol production, establish a free trade warehousing zone (FTWZ) in Mumbai, and enhance its existing facilities, according to Chairman and Managing Director Adhip Nath Palchaudhuri.
“The board has given the green light for a capital expenditure of ₹700 crore,” he remarked. The Kolkata-based company also aims to venture into third-party logistics, catering to businesses looking to store their products.
Palchaudhuri detailed that ₹330 crore will be invested in producing ethanol from rice and maize, while ₹220 crore will be allocated for the FTWZ, which operates similarly to a special economic zone (SEZ). An additional ₹45 crore will be directed toward developing a third-party logistics hub in Dankuni, West Bengal.
The CMD emphasized that Balmer Lawrie is targeting a revenue of ₹6,000 crore by 2030, a goal he believes is attainable given the company’s leadership in certain sectors like industrial packaging and the potential for growth in areas such as grease, lubricants, travel, and logistics. “This target is within reach, and we must accelerate our growth. Our current revenue stands at ₹2,400 crore across various segments,” he noted.
The public sector company is in the process of hiring a consultant to devise a comprehensive growth strategy. Palchaudhuri added that while Balmer Lawrie will consider inorganic growth opportunities if necessary, it is not focused on asset monetization but rather on improving efficiency and utilization.
