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. It plans to diversify into ethanol production, set up a free trade warehousing zone (FTWZ) at JNPT in Mumbai and upgrade facilities.
The Kolkata-headquartered company also plans to enter third-party logistics for companies wanting to store their products. 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 company is aiming at a revenue of Rs 6,000 crore by 2030, adding that this is achievable due its leadership position in certain businesses like industrial packaging, and also the presence of significant headroom for growth in verticals like grease, lubricants, travel and logistics.
The PSU is also in the process of engaging a consultant to prepare a comprehensive growth plan, but in the process, Balmer Lawrie is not looking at asset monetisation, but increasing its efficiency and utilisation.
