Credit rating agency, CARE has reaffirmed ‘AA+’ rating to Balmer Lawrie & Company’s Issuer Rating. The company has received the said rating on back of its long & satisfactory track record, Government of India’s controlling equity stake, professional & highly qualified management team, pan-India presence with diversified business portfolio, strong & reputed clientele, steady performance of most of the SBUs during the last few years, comfortable financial position and liquidity position with high cash balance.
Balmer Lawrie has emerged as multi-activity, multi-technology, multi-location conglomerate with global footprints - along with its joint ventures, encompassing diverse interests in manufacturing and services sector viz, Industrial Packaging, Grease & Lubricants, Leather Chemicals, Tea, Travel and Tours, Logistics Infrastructure and Services and Refinery and Oilfield Services.
