Balmer Lawrie aims for Rs 6,000 crore revenue by 2030, with strategic investments in logistics, FTWZ, and ethanol production.
Balmer Lawrie & Co., headquartered in Kolkata, announced a capital expenditure plan of Rs 700 crore aimed at achieving a revenue target of Rs 6,000 crore by 2030. The company’s strategy includes establishing a Free Trade Warehousing Zone (FTWZ) at JNPT in Mumbai, entering the third-party logistics (3PL) sector, and diversifying into ethanol production.
The company plans to invest Rs 220 crore for the development of the FTWZ, which will function similarly to a Special Economic Zone (SEZ). Additionally, Rs 330 crore will be allocated for ethanol production, utilising rice and maize as feedstock. An investment of Rs 45 crore will also be directed towards setting up a 3PL hub in Dankuni, West Bengal.
Balmer Lawrie aims to leverage its leadership position in industrial packaging while recognising significant growth opportunities in sectors such as grease, lubricants, travel, and logistics. The company is in the process of engaging a consultant to prepare a comprehensive growth plan. However, it emphasises that the focus will be on increasing operational efficiency and utilisation rather than asset monetisation.
