Balmer Lawrie to invest Rs. 150-200 cr in logistics, industrial packaging.

Balmer Lawrie & Co Ltd. is looking to invest Rs. 150-200 crore primarily in the logistics and industrial packaging businesses over the next two years.

The diversified PSU company is present across various businesses including industrial packaging, greases and lubricants, leather chemicals, logistics, travel and vacations and refinery and oilfield services.

According to Prabal Basu, Chairman and Managing Director, Balmer Lawrie, the logistics, tourism and greases & lubricants business will be the key areas of growth for the company moving forward.

The company had appointed PwC as a consultant last year to suggest a roadmap for growth over the next four-to-five years.

“They submitted their report in June this year and based on that we have formed an internal team to work towards the transformation exercise,” Basu told newspersons after the company’s annual general meeting recently.

HBL