Balmer Lawrie eyes Rs 6K cr revenue by 2030, to hire consultant for growth

 

  • Balmer Lawrie eyes Rs 6K cr revenue by 2030, to hire consultant for growth

  • Diversified PSU Balmer Lawrie & Company is aiming at a revenue of Rs 6,000 crore by 2030 and is in the process of engaging a consultant to prepare a comprehensive growth plan

  • "We are targeting a revenue of Rs 6,000 crore by 2030 and looking to appoint a consultant to guide us," Balmer Lawrie CMD Adhip Nath Palchaudhuri said.

  • He also said the key focus areas for growth are travel and vacation, grease and lubricants, logistics, and industrial packaging.

  • The company, which operates across several business verticals, including grease and lubricants, industrial packaging, logistics and travel and vacations (T&V), has a current revenue of Rs 2,400 crore.

  • Palchaudhuri noted that the T&V vertical has substantial growth potential.

  • "Around 80 per cent of the business lies outside government departments, predominantly in the private sector. We are actively promoting our services to capture a significant share of the leisure travel market," he said.

  • The company also handles travel and ticketing for government offices.

  • Additionally, Balmer Lawrie is venturing into ethanol production and is in the process of acquiring 25 acres in Andhra Pradesh. The feedstock for ethanol production will include rice and maize.

  • For the current financial year, the company has signed an MoU with the government, targeting a revenue of Rs 3,400 crore.

  • Palchaudhuri said the company will explore inorganic opportunities for growth if required.

  • Balmer Lawrie is not looking at asset monetisation, but increasing its efficiency and utilisation, he added.

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