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Balmer Lawrie gets nod to incorporate wholly owned subsidiary in Dubai

25 Mar 2023 Evaluate

Balmer Lawrie & Company has received an approval for the incorporation of wholly owned subsidiary company with paid up share capital estimated to be Rs 1 crore in Dubai to engage in Freight forwarding and Logistics Industry. The Board of Directors of the Company at its Meeting held on March 24, 2023 has inter-alia, considered and approved the same.

The company is a Government of India Enterprise engaged in diversified business with presence in both manufacturing and service businesses. The company is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, Logistic Services and Infrastructure, Refinery & Oil Field and Travel & Vacation Services in India. 

Peers
Company Name CMP
Grasim Industries 3067.50
DCM Shriram 916.70
3M India 32111.10
Hindustan Foods 575.30
Balmer Lawrie & Co 161.25
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