Balmer Lawrie & Company, a diversified public sector undertaking, has unveiled a capital expenditure plan of Rs 700 crore, aiming to achieve a revenue target of Rs 6,000 crore by 2030.
Chairman and Managing Director Adhip Nath Palchaudhuri stated that the company plans to expand into ethanol production, set up a free trade warehousing zone (FTWZ) in Mumbai, and upgrade its existing facilities. The board has approved the Rs 700 crore expenditure.
Headquartered in Kolkata, Balmer Lawrie is also exploring opportunities in the third-party logistics sector to provide storage solutions for businesses, according to the CMD.
Palchaudhuri outlined that Rs 330 crore will be allocated for producing ethanol from rice and maize, while Rs 220 crore will go toward establishing the FTWZ, similar to a special economic zone (SEZ). Additionally, Rs 45 crore will be invested in developing a third-party logistics hub in Dankuni, West Bengal.
He emphasized the company’s goal of reaching Rs 6,000 crore in revenue by 2030, noting that this objective is achievable due to its strong presence in industrial packaging and significant growth opportunities in sectors such as grease, lubricants, travel, and logistics.
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