Balmer Lawrie & Company is planning to invest around Rs 265 crore on its lubricants and warehouse businesses in the next few years. The company will spend Rs 100 crore for revamping its speciality lubricants business and Rs 165 crore in building seven temperature-controlled multi-product warehouses in two phases. The investment in the lubricants business will be mainly done at its Kolkata plant.
The company has already upgraded its 50,000 tonnes a year Silvassa lube plant at a cost of Rs 150 crore. It is also looking into expanding its retail distribution network for speciality lubricants and improvement in brand visibility and supply chain.
Balmer Lawrie & Company, a Government company and a Mini-Ratna Category / Public Sector Enterprise, operates one of the largest travel agencies in India affiliated to IATA.
