Balmer Lawrie targets Rs 6,000 Cr Revenue by 2030

 Diversified PSU Balmer Lawrie & Company is focusing to target revenue of Rs 6,000 crore by 2030 and is in the process of engaging a consultant to prepare a comprehensive growth plan, according to official sources.

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.

"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.

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

"Around 80 percent 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 is also planning to enter the third-party logistics sector, the official added.

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

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