Balmer Lawrie & Company will be investing Rs 400 crore in its logistics infrastructure business in the next 24-36 months. The company will be setting up Multi-modal Logistics Hub at Vizag, a project under the MoU signed with Visakhapatnam Port Trust.
It will be setting up temperature-controlled warehouses at different locations in phases. The company will also be reviving Transafe Services, a joint-venture of the company which has been referred to the Board for Industrial and Financial Reconstruction (BIFR).
Balmer Lawrie & Company is a diversified, multi-location and multi-product conglomerate, manufacturing steel barrels for industrial packaging (IP) products, greases & lubricants (GL) and performance chemicals and carries out various service based activities such as logistics infrastructure services (LIS), travel & tours (TT), project engineering & consultancy in oil & infrastructure sector.
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