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Balmer Lawrie gets nod to provide unsecured loan to Visakhapatnam Port Logistics Park

25 May 2024 Evaluate

Balmer Lawrie & Company has received approval for the proposal for providing an Unsecured Loan to Visakhapatnam Port Logistics Park, a Subsidiary of the company. Unsecured Loan is for meeting bank's term loan liability. Total amount of loan granted is Rs 2.12 crore. The Board of Directors at its Meeting dated May 24, 2024, has approved the same. 

Balmer Lawrie & 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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