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Balmer Lawrie is positioning its logistics vertical to become the top revenue contributor by 2030, expected to account for 45-50 per cent of total revenue, projected at INR 6,000 crore. Currently, the PSU anticipates revenue of INR 3,000 crore this financial year. Recent expansions include railway logistics with SAIL, a third-party logistics hub at Dankuni, and upcoming cold chain facilities. While focusing on logistics, industrial packaging, grease and lubricants, and travel and vacations, the company plans to exit refinery and oilfield services. Private ticketing services are also targeted for growth.
Balmer Lawrie & Company, the diversified public sector undertaking, is set to see its logistics business become the largest revenue generator, according to the company's Chairman and Managing Director, Adhip Nath Palchaudhuri. He indicated that by 2030, the logistics vertical is expected to contribute between 45 and 50 per cent of the PSU's total revenue, projected to reach INR 6,000 crore. Advertisement
For the current financial year, the company anticipates revenue of around INR 3,000 crore. The first quarter has performed strongly, and the ongoing second quarter is also showing positive momentum.
In the logistics segment, Balmer Lawrie has recently ventured into railway logistics, deploying three rakes fully, following an agreement with Steel Authority of India Limited (SAIL). The company has also launched a third-party logistics service, commissioning a warehousing hub at Dankuni to serve the eastern zone. Similar hubs are planned in other regions, and a cold chain facility is in the pipeline at Dankuni. Additionally, the company operates in container freight station services.
The travel and vacations segment has remained resilient despite challenges such as the Pahalgam terror attack. Moving forward, Balmer Lawrie plans to concentrate on its four core verticals: industrial packaging, grease and lubricants, logistics, and travel and vacations, while gradually exiting the refinery and oilfield services business.
Palchaudhuri noted that most of the company's ticketing business comes from government contracts, but there is growing interest in expanding into private ticketing services, which he sees as a significant opportunity for growth. The CMD expressed optimism about the year ahead.
Source PTI
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